Slowly looking for a Sell on EURAUD - maybe end of this week

FX:EURAUD   Euro / Australian Dollar
56 2
On the Daily time frame, the EURAUD is starting to look rather overbought. It has formed a very nice trendline on the 240 minute chart. Ideally, I would really like to see this get up to 1.6585 area before dropping, but I do not expect that to happen.

I am not shorting yet, but I am watching this pair closely for opportunities to sell.


If you want to see my live trading account, you can go to the Darwinex website and search for BPX. There you can see it.
Any updates on this potential trade?
@Kuch, Thanks for asking, I should have said something. I did take a small short trade on it after it broke the trendline and went for about 12 pips, or so. But, the real trade that I am waiting for is when it gets higher to the 1.6585 area.
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