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UmarAbdurRehman

EURAUD testing Resistance Channel - Possible short trade

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Euro / Dolar Australia (FX:EURAUD)  
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FX:EURAUD   Euro / Dolar Australia
Trend Analysis Chart Patterns Technical Indicators EURAUD euraudshort euraudanalysis euraudsell EUR USD CAD NZD GBP
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trendanalysis chartpattern indicator euraud euraudshort euraudanalysis euraudsell eur usd cad nzd gbp
EURAUD have been falling quite sharply over the past few days, for now this market is testing the top of the trend line where I can see the scope for possible resumption in the bearish trend.

I am waiting for the market to consolidate here and once it breaks below the consolidation phase, i will be triggering my shorts. Keep watching this market for a possible short direction.

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