Evild0er
Short

EURAUD: Shorting forecast

FX:EURAUD   Euro Fx/Australian Dollar
131 1 1
Following up my weekly trade i've been monitoring price action on H1 for potential entries (or stops..).
There are a few important places I'll be looking at price action.

First stop is where the H1 trendline meets H1 S&R. If I get nice confirmation I'll take the move to the somewhat stronger purple line, and potentially to the 2 trendlines crossing.

Depending on price action the next few days, we'll be looking for more shorts. Especially in the shorting zone, where we can get a great risk/reward ratio.

If price decides to rise and close above the H1 trendline , shorts are invalid and we'll need more information.
After the H1 trendline break at 31/03 15:00, the H1 trendlines become invalid and price is now respecting the D1 lines. Meaning it now goes Down to our purple line before going up to the purple trendline again at 03/04 12:00 - reacting from here to 1.479... (and below?)
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