EURAUD ...the stop hunter's job

FX:EURAUD   歐元 / 澳幣
$EURAUD pair is trading in a nice upward channel on 15m TF. Bouncing precisely off the lower parallel AND 61.8% Fib. The chart is showing, in addition, how the vicious stop hunting works...
Targets... 1. median line and 2. upper parallel.
Thank you. I really appreciate your comment. I have seen you analisys and you are right. My analysis was intended for a trade setup *after* Retail Sales that came out minutes later.

I am not used to trade just before economic data announcement.
It is going down because Retail sales were good.

Congrats for your trade. Keep up your good work.
Hi buddy, dont think its an upward channel, its a week chart, it is still bearish in my opinion... until maybe the big resistance at 1,5350 or lower... you can see some elliott waves In this weekly channel... but its a thought...
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