EURAUD: Short the Butterfly/Trade the ShockFundamentals :
Natural gas and energy prices will continue to shock the markets for the winter. Euro's trade balance is out of whack. I believe that shorting EURAUD matches this view.
Technicals :
Clear downtrend
downward trendlines
Scott Carney's butterfly pattern (hopefully, it is a correct....)
Bearish Cloud
Tested the Resistance Band
Under the 200 ema
Rejection candles at resistance
