EUR AUD #0003 Short Position Trading- The Weekly chart reflected a number of false breakout attempts last few months
- indicating the bullish sentiment is weekend on every attempt to break the nearest monthly HIGH
- The current weekly charts false breakout (refer on monthly candle) enough to potray the exhaustion of Bullish sentiments.
- coupled with the presence of Bearish Order Block at the Top of the Latest weekly false breakout.
- position trading for a short position with SL, TP labeled as drawn on the chart.
the nearest Monthly liquidity L will be the liquidity area for TP.