EURAUD has been very bullish in the previous weeks. If we take a look at daily chart we can see that the pair was trading on an ascending channel before breaking out on the 8th of May 2018. I was expecting a pullback from this pair to retest our ascending trendline before the continuation of the the bearish movement, we have finally found it. On 4 hour chart there's an ascending trendline as well, waiting for the price to break and retest it before opening short positions as shown on the picture.