Kumowizard
Short

EURAUD - The bear is back

FX:EURAUD   Euro Fx/Australian Dollar
107 1 2
Weekly:
- Price have been testing Kumo for about 4 weeks, but could not really spike above first important horizontal key level of 1,4325.
- Heikin Ashi setup gives a sell signal: red candle after two doji like candles. haDelta/SMA3 bearish , dipping below zero line.

Daily:
- Days of undecision and trading in the Kumo might be over. After bearish trendline held twice, Price seem to be trying to break out on the lower side of the cloud again, and also to make a bearish Price/Kijun cross
- Heikin Ashi signal is increasingly bearish .

First possible bearish price target is 1,34-1,35 zone. If you trade on leverage, place stop loss above 1,4350. If you trade as a real money portfolio manager, then you can place your ultimate stop higher, above 1,4600.

Hmmm, this trade may not work. Price close above 1,4300 would mean trend and Kumo break.
I already got stopped on 2/3 of my original short position.
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