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CollegeofPips

EUR/AUD | Potential Downward Movement

Short
Euro / Australian Dollar (OANDA:EURAUD)  
CollegeofPips  
OANDA:EURAUD   Euro / Australian Dollar
Support and Resistance Fibonacci Supply and Demand Forex Technical Analysis priceaction fakebreakout Fibonacci Retracement topdownanalysis
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supportandresistance fibonacci supplyanddemand forex technicalanalysis priceaction fakebreakout fibonacciretracement topdownanalysis
💡 Trade Idea

📈 Sell Limit EUR/AUD @ 1.6336

🎯 Target Profit 1.6146

🛑 Stop Loss 1.6393

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description: The pair is trading within a bullish channel. It reached a daily support by posting a double top. We will wait for the price re-test the neckline of this pattern and go for a sell position towards the 1.6146 level.

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