EURAUD Breakout/Reversal

27 Mar 2017

Ok, so we have EA near a critical area in the market. If you missed the buy don't jump in. Wait for a breakout to the upside or for a strong reversal. Look left as an example. Either way 600+ pip move is coming

28 Mar 2017

Not

EA has reversed off tchannel. Price did not breakout and has now turned bearish. Price will probably drop to the next zone range of 1.39 before possibly reversing. If price does not stay above 1.39 we can see a further drop to 1.36. Wait for a small retrace off the smaller timeframes and look for a sell