EURAUD intraday/swing potential short
Updated
Price has been creating an ascending channel and a level of support in the Daily/4H where price has lost its momentum towards the bullish side. Recently it also decided to create a bullish trend in the lower timeframes, but price is unable to create new higher highs at 1.56100. Candle closures in the 4h/1h show bearish correlation, along with fib rejections in the 78.6 in the 4h and 1h.
Note
At this point partials could be taken, and stop loss could come down at break even.Trade closed: stop reached
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