EURAUD - Retracement before another bearish leg

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

Price has melted to TP 1 of my previous analysis (link below). If you have missed it, there is another opportunity at the S/R level. Looking for a retracement, retest and rejection off the S/R level before another bearish leg. Watch for bearish price action at the S/R level before any SHORT entry.

The TP level is the TP 2 of my previous EURAUD analysis, and the SL has been adjusted closer too. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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