EURAUD looks very promising for a sell on the daily time frame! On a side note i must add then in about 5 hours now we have the aud interest rate decission, so getting in early can be risky! I get in with a decent position and am able to add more in case it drops on the news Stoch Rsi shows a nice bearish cross over and at the adx you can see red line sharp bend up and green line a sharp bend down which is a trend reversal sign.
Currently its trying to break the lower range and also soon the 14 EMA. Given by the long up run the previous weeks a correction down is very likely. I can definitely see the price go down towards the 72 EMA.
Take profit: 1.46
I dont use a stop loss on this trade. Theoretically my account can handle it till 1,1560 so enough room to add more in case it goes down on the news tonight.