Here’s short-term range for EUR/AUD on smaller time frame, but this one looks a bit more like a triple top reversal pattern base on our correction after the breakout. Now this doesn’t happen very often, like spotting a rare Pokémon on the charts!
Price appears to be making an attempt to break below the neckline around the 1.5725 level. If that pushes through, the pair could fall by around 150 pips or the same height as the chart pattern. Currently bulls continue to defend support, another bounce to the top at 1.5875 is taking place. Hence, Placing a sell stop order for this wave to come is what's pending on my watch list . Trade safe and enjoy collecting your pips. Don't forget to support and press the like button.