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Godfather-Pips

EURAUD SETUP 1:4

Short
Euro / Australian Dollar (FX:EURAUD)  
Godfather-Pips  
FX:EURAUD   Euro / Australian Dollar
Support and Resistance EURAUD euro aussie downtrend Bearish Patterns dynamiclevels keylevels
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supportandresistance euraud euro aussie downtrend bearish dynamiclevels keylevels
Firstly, I identified the general downtrend then looked for key support and resistance levels.
These levels were dynamic and consistent with the downtrend.
The entry was set at the first level of resistance with the TP being closer to the support level.
The SL was set at a key level where previous support had turned into resistance.
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