EUR/AUD Bearish Run to Continue? - Swing Trade Setup
We had a big move down after the flash crash but this bearish momentum has continued to hold sway. Based on how fast we moved last week we will probably get a drawback first, but I am looking for a strong bearish breakout to stay below the kumo and break the support line I've drawn for entry. I've drawn several targets including my long term one as our final swing Take Profit level. We do have a bearish kumo twist already and chikou span is below price and clear, but it would be helpful if chikou span can get below the cloud as well. If we fail to move lower or break our support line for entry, this setup may become invalidated.
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