Technician
Short

EURAUD Medium Term Short Setup(1)

FX:EURAUD   Euro Fx/Australian Dollar
291 1 3
Update: this is disappointing, as price hit target without triggering entry. I cancelled the trade.

Price retested double top neckline and probably heading lower, first downside target for this trade at previous broken high around 1.5030. If we get a break below that level that may extend the downside significantly and thus downside target will be more extreme, below 1.4600.

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This is disappointing, as price hit target without triggering entry. I cancelled the trade.
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