EURAUD made a short bullish run before forming a sidewards structure. Inside this structure is a head and shoulder pattern that is forming nicely. Short trades are on the lookout as price is dropping our support line, we shall wait for price action to confirm our trade. Specifically looking for a breakout and a continuation of our downtrend from the shoulder before entering this trade.
Remember to use shorter timeframes for a more detailed look of the market, while waiting for a set up. This allows you to enter earlier and pinpoint a perfect entry!