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UKTRADERS21

EURAUD SHORT

Euro / Australian Dollar (OANDA:EURAUD)  
UKTRADERS21  
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Double Top or Bottom Support and Resistance
3
0
trendanalysis doubletoporbottom supportandresistance
I am expecting a short trade on EURAUD based on a ranging market. I've identified a lovely double top trading pattern, and when looking at the left side, there's a minor resistance formed. Now, combining the double top pattern with that resistance, I've established a zone. Currently, the market has broken below this entire zone, and I plan to enter the trade on a retest.

Entry 1.64395
Stop loss 1.6490
Targets 1.6373 & 1.6325
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