EURAUD - Can it fall further?

PAIR IN FOCUS: EURAUD
ACTION: SHORT
HORIZON: SHORT-TERM

Can EURAUD fall further? A bearish pattern that I look out for has presented itself, and therefore offers a SHORT opportunity! It is a simple pattern that you can look out for as well, it is pretty accurate (especially at peaks), but look out when price is near lows as there may be limited downside. Price also broke recent low which adds confirmation to my bearish bias.

The TP levels and Stop Loss are indicated in the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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