Pjorge89
Short

Short on EURAUD

FX:EURAUD   Euro Fx/Australian Dollar
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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