EURAUD on the Verge of a 730 Pip Drop

From dailypriceaction.com

EURAUD is a pair that hasn’t offers much in the way of favorable price action in recent months. The choppy movement that has persisted since late last year combined with the increased volatility of late has made for an unfavorable trading environment. However, there is one level that continues to stick out like a sore thumb, begging to be traded under the right circumstances. And thanks to one of our long-time members for bringing a particular pattern to our attention, we just might see the “right circumstances” develop over the coming sessions. As can be seen from the 4-hour chart below, EURAUD appears to be ... (full story)