EURAUD - EV(A)E - SHORT OPPORTUNITY

We have seen a volatile loop on the euro recently.

Here is a quick take on the possible short selling we might anticipate from this vector level.

Timeframe -> H4

Confluences:

-> Break retest of previous vector level
-> Significant reaction off swing high/low 38.2 fib
-> Break retest of 200 ema on current timeframe.


ECHO

Trade active:

Running risk free as we speak. Lets now see if we can continue downwards to that local low