EURAUD LONG| TOP DOWN ANALYSIS | KEY DECISION LEVEL|

4 May 2020

The weekly timeframe the pair has returned to the line of the massive channel of which it has broken out.

The 4 hour and 1 hour time-frames both point to that the pair in on a decision level.

there was a false breakout on the 4 hour chart and now I am long biases.

If the daily candle closes below the level, then I will be shorting the pair mid-term assuming it has returned into the channel.

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