EURAUD Short! Two Buy-zones at 30 Min Charts for Shorts Delays With Short Bias in mind, expectation is for Price to Fail at Green rectangles (supports) --turning them to resistances for decline to downside.
Follow this idea with previously posted idea for complete price-action story.
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Euraudshortsetup
EURAUD - short at Weekly price channelWeekly (I), (II) (III): Uptrend, is at wave (IV) to (V)
Daily I, II, III: Uptrend, is at the wave II to III.
H4 (1), (2), (3): Uptrend, is at the wave (6) to (7).
* EURAUD has the Overbought RSI and the Price Channels.
* Waiting for a reversal signal at the smaller time frame.
Note: Daily and H4 group wave is still valid for an uptrend.