This trade is only valid if the current 4 hour candle closes below 1.62364.
I'm currently looking at a potential short opportunity on EUR/AUD after the upward trendline was broken, confirming a shift in momentum. Price has retested the broken trendline and respected the downward trendline, which remains valid.
Entry: 1.62620 Stop Loss (SL): 1.62850
Take Profit (TP) Targets: TP 1: 1.62364 (Set Stop Loss to Break Even at this point) TP 2: 1.61944 TP 3: 1.61171 TP 4: 1.60330