asiansupermarket

EURAUD 1hr 1mo descending wedge

FX:EURAUD   Euro / Australian Dollar
Descending wedge that I would prefer to be on the short side once it breaks that support level because it will be a sharp drop. If it bounces along that support we can expect a grind upwards.
Trade active: Short position @ 1.5037
Trade closed manually: I moved my stop up to 1.49265 and got hit since the sharp drop I was looking for was over.
Comment: There could be another push but I see a retracement coming for euro and yen pairs so I want to stay liquid.
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