Bullish scenario: Break of current resistance and test of the downtrend and if also broken, well test the white downtrend Bearish scenario: Reversal of the current bullish momentum and well probably see a Lower Low
Bullish scenario: The trendline is respected and we keep with bullish momentum till testing the downtrend trendline Bearish scenario: The 0.618 Fib was tested, we only ned break of trendline for confirmation
Bullish scenario: the trendline is respected and we retest the trendlins (I draw the circle, as a possible target) Bearish scenario: We tested the 0.618 fibonacci, so we only need the break of the trendline to go bearish
Bullish scenario: Retest of the lower trendline of the chanel and spike to 1.1080 Bearish scenario: Break of the ower trendlin and retest of the daily downtrendline
Bullish scenario: The pair streghtens and rallies to test the weekly trendline Beraish scenario: Breaks the trendline and it can be taken as a false breakout
EURAUD just retest a uptrend trendline and a downtrend trendline, we´ll see to which side does it break. I believe that the uptrend is stronger than the downtrend, but lets wait to see for the confirmation.
Entered at 139.30. SL moved to Break-even. 0 rick, great trade potencial.