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.