EURAUD H1 LONG PRICE ACTION FORECAST

With price action recently breaking the descending channel for a bullish continuation, it shows the bullish momentum heading towards the previous supply zone.

The price has reached a resistance level where I could expect a correction before moving higher. A long entry is placed at the Fib level 5.0 and retest of the channel's trendline.

The order:
Type: buy-limit
S/L: 30 pips - R:R | 1:5 -
T/P: supply zone

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