EURAUD SHORT Why are we entering? - Expecting AUD strength and EUR weakness - Price is approaching a trendline & structure.
What are we waiting for to happen? - Rejection of structure level - Trendline touch
Entry 1.582 SAFE Entry: Rejection of trendline & structure level with a break of RISK trendline Risk Entry 1: Break of RISK trendline
Once entered, where will our Stoploss be? - Above the trendline (above 1.587) 50 pips
Where do we take profits? - First TP: 1.569 (130pips) - Final TP : 1.557 (250pips) - Holding remainder of position as we may short further with stop loss placed at 100 pips profit