EUR/AUD, DAY CHART, SHORT (11-DEC-2016)Note:
EUR/AUD breaks the Descending Triangle Pattern.
Further downward movement is expected!
Recently, we see a consolidation after the breakout.
If the price able to break the consolidation support line
at 1.417x area.
Here are 2 ways to trade:
1. Short it directly after the breakout with
smaller lot size.
2. After breakout, wait for pullback to the
support zone and another bullish signal to
short. Can trade with righ lot size :)
Caution on the AUD employment data on Thursday.
Fundamentally, EUR is still on the downside.
