If we look at Monthly and Weekly timeframe we have a lot of rejection from 1.6200 (a big shooting star Weekly).
If we look daily we have 4 rejections from 1.60000 and 3 dojis and 1 spining top (clearly this means that Eur/Aud will drop)
What I'm looking in this trade is a retest of 1.5900 zone before going down, it's a good trade where the risk reward is...
I opened sell order on EURAUD on 1.5930 because i see head and shoulders pattern and 2 levels (blue squares) and 2 breakouts of this levels.
TP - 1.5745 SL - 1.6005 RRR - 2.46.
Sl near 74 pips so use lower trading volume. Good profit for all us!