Good evening, all. I've just entered a short position in EUR/AUD this evening after the pair broke through an area of support earlier today.
Below is the daily chart. We've been in a bit of a sideways market recently, with a slight short bias, especially after breaking the rising trendline last month. Now notice the area of support around 1.8500 that has been tested multiple times in the past 6 months. The pair broke through that area with conviction earlier today, which is enough for me to get in with a short position.
- Short Entry: 1.82673
- Initial Stoploss: 1.8700
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