Looks like another Flag failure in the market. This time is for EURAUD
. My previous target was 1.5140 (I have closed my longs too early), but looks like market will not reach that level. I will be looking to short this pair on smaller time frames. Road to the down side should be very bumpy, but such pattern failures usually start deeper corrections in the market. Very Long term this market is Bullish
, but for now I expecting a correction till 1.4400 - 1.4600 levels. From Monday I will be looking to enter somewhere around 1.5040 levels with the stop above 1.5140. This plan is valid from today, unless price will close above 1.5080 today.