EURAUD intraday/swing potential short

Price has been creating an ascending channel and a level of support in the Daily/4H where price has lost its momentum towards the bullish side. Recently it also decided to create a bullish trend in the lower timeframes, but price is unable to create new higher highs at 1.56100. Candle closures in the 4h/1h show bearish correlation, along with fib rejections in the 78.6 in the 4h and 1h.

Comment:

At this point partials could be taken, and stop loss could come down at break even.

Trade closed: stop reached