r00ky
Short

[H1] - Broadening wedge on EUR/AUD - possible short

FX:EURAUD   Euro / Australian Dollar
55 0 6
The price of EUR/AUD             reached the upper border of a broadening wedge . This could result in a rejection which pushes price down all the way to the lower edge of this wedge . Alternativly, price breaks the wedge and goes higher towards the next resistance. However, I prefer the downside.
Trade closed: stop reached: This trade ran into the SL, after pretty much ranging and coming very close to our TP. The setup did not work out as intended.
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