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The_Good_Trader

EURAUD Possible Short Opportunuty

Short
Euro / Australian Dollar (FX:EURAUD)  
The_Good_Trader  
FX:EURAUD   Euro / Australian Dollar
0
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In EURAUD pair, there is long rally for bulls over many days. However, a few days ago the trend stopped with a strong sign. A daily pin bar occured around a fibonacci resistence level and bearish movement follow it than broke the support levels. This retracement can continue to lower level than now. There are two targets:

Target 1 : 1,4915
Target 2: 1,4785
Stop Loss: 1,5140

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