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.