I do have a buy limit at 1.5952, we have so many confluences to enter a trade here,
EMA 50&100 H4
1.5950 Key level
Last week, EUR got bullish momentum, upcoming weeks Eur might continue its bullish momentum
Go for a BE when price is at 1:1
TP is 1:4
As the pair on strong support area, the chance it goes back to long position is high.
It is surely against the trend which I don't like to trade, but to be safe the stop loss is put on a tight level so that you don't get into deeper loss in case the pair continues its short position.
EURAUD Buy at 1.56379
Stop Loss at 1.55706
Target Profit at 1.57850