The808Trader

Kangaroo Punch? EUR/AUD - Ichimoku Short Trade Idea

Short
FX:EURAUD   Euro / Australian Dollar
Aussie looks to be strengthening and at the same time if you've read much of my analysis, I believe the next year or so we'll see a predominantly weaker Euro. We had a big breakout last week and I am looking to enter a longer term swing trade on the next push down. I've drawn out several take profit levels to aim for. This trade may take a few weeks to play out. As a more conservative entry we may also wait for a drawback to tenekn sen and see a rejection to enter, but either way I am expecting  price to head down for a while. If we fail to break lower, or our bearish confirmations change to bullish, this setup may become invalidated.

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