EUR/AUD Technical Analysis
The Set Up
EURAUD – Looking to sell a break and return to key high.
Key Levels: Resistance 1.6120
Price Action: Looking for fake out price action above key high and then quickly trap buyers.
Notes: We will consider selling short on any pockets of strength towards resistance, targeting a move back to the low at 1.5855.
Update: No break below and price has drifted higher. No trade triggered and currently flat.
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Technical based trader sharing my thoughts