EURAUD SHORT 250 PIPS

EURAUD SHORT
Why are we entering?
- Expecting AUD strength and EUR weakness
- Price is approaching a trendline & structure.

What are we waiting for to happen?
- Rejection of structure level
- Trendline touch

Entry 1.582
SAFE Entry: Rejection of trendline & structure level with a break of RISK trendline
Risk Entry 1: Break of RISK trendline

Once entered, where will our Stoploss be?
- Above the trendline (above 1.587) 50 pips

Where do we take profits?
- First TP: 1.569 (130pips)
- Final TP : 1.557 (250pips)
- Holding remainder of position as we may short further with stop loss placed at 100 pips profit