Very, very nice setup here. Please see my link below regarding the shorting opportunity of FX_IDC:EURAUD. I did shorting analyses on bigger timeframe. However lower timeframe says the same thing. Recently we are on Bears side!
So we have Almost completed Bat battern @1.5046 with nice Targets. Target 1 with 1/2.2 Risk/Reward; Target 2 with 1/3.4 Risk/Reward.
Although the Red zones I have highlighted on the chart could be a little problem, so I think we must monitor how price behaves when it reach that zone after the reversal.