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Pjorge89

Short on EURAUD

Short
Euro / Australian Dollar (FX:EURAUD)  
Pjorge89  
FX:EURAUD   Euro / Australian Dollar
euro short Bearish Patterns EURAUD aussie aud EUR
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euro short bearish euraud aussie aud eur
Across the board, I am seeing Weakness for all Euro Pairs. EURAUD, I believe is another pair which is about to drop. If we zoom out we can see sort of a Crab Pattern formation forming. Strong supply levels and double top in the ~1.62 zone. Price action on the daily is showing weakness on the last few daily closes. Stop loss is above the previous high on the 24th. Take profit is targeted around the ~1.44 level.

Risk/Reward: 1:5.5

-Safe Trading and Best Regards
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