EUR/AUD: ABCD bearish pattern

In this update, Euro/Australian Dollar forming a bearish pattern called ABCD. Snd from this zone we're in the smart zone to sell Euro what I look to short this par.

Also in H1 we formed a bearish divergence confirmed indicating the end of this bullish pull back snd based that analysis. We're appear that we're going to short now.

I put a sell now and SL to $1.4677 AUD and target to $1.4480

I hope that this analysis support you

Comment:

For who follow this trade, congraluation, we're in profit in EUR/AUD. Also right now, you can to take place to sell another position if you want. But it's your deciison. Id reccomend to put your break even in your entry price. My entry price was around $1.4618 AUD.

I will update this par tomorrow!!!

Comment:

If you want to entry in that place

You can to open up a short now and SL to $1.4552 AUD and target both to $1.4315 AUD. WE could to see a large potential to find up a lot pips in EURAUD

I will update this par tomorrow.

Comment:

At least, I get some profit of my first trade on EUR.AUD like 23 pips, but inevittable I can to get like 70 pips from this point what hit down, but I can to work better for the next analsyis

Comment:

And also, for who entry in the 2nd trade as me that I entry, EUR/AUD made a stop of $1.4508 AUD and then up, but as I believe that from this part I fall to draw the important support and hope for the confirmation if EUR/AUD will break down below of $1.4508 AUD, but then up, but right now, I post my recent analysis