FX:EURAUD Euro Fx/Australian Dollar
This time we moved to 4h chart as on the lower TFs is the 'fork' a little bit messy. Both 'forks' are showing a downtrend, so that's exactly why I am looking for short around the parallels drawn on the picture. I believe the red and blue parallels were broken only and still waiting for next retesting. It should be my entry, confirmed on lower TFs, with good risk:reward ratio. As one rule of Alan Hall Andrews says, price can gap trough the median lines and its parallels, if it would happen today, I will not consider entering long positions.