EURAUD-free way for 1000+pips?!

FX:EURAUD   Euro / Australian Dollar
675 13 12
I have change my bias to short on this pair. Unless or until something changes fundamentally. Yes there will be counter trend opportunities but they are higher risk, so I leave alone.

This trade comes from W1 analisis:

Price has broken a very strong support area and technically now has a free way down.
There is also a potential bat wich we can use as target.

The tricky thing is to find and entry point on D1, price cand make a retracement o just continue falling now.
The SL is big but i will open small positions and move them to breakeven if the price continues falling.

Best regards.
what do you think? any opinions?
HiTech PRO KevinSinghDhaliwal
definitely there is such probability, as always, but at the moment probability for the downtrend is higher
I'd be surprised if it fell much lower before a considerable retracement.
HiTech PRO IvanLabrie
I actually expect exactly this kind of "surprise"
IvanLabrie PRO IvanLabrie
I don't think gold will strengthen significantly, nor copper for the time being, and the RBA wants to devaluate the Australian dollar as well, and will continue with QE.
HiTech PRO IvanLabrie
we need 4h close above 1.3872 for that.. better daily close
nice chart, clear and simple
did you check daily sma 200... you better sell after break it
sinbux sinbux
weekly sma 200 pardon me
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