EUR/AUD, DAY CHART, SHORT (16-JAN-2017)

Note:
Congratulation to those who follow our 2 short trades
on EUR/AUD last week!
Overall, we remain bearish on EUR/AUD

There is a long Descending Triangle Pattern.
Now, the price is reaching the multiple tested
strong support level at 1.418.

Here are 2 trading plans for this pair:
1. If the price managed to break 1.418 level, can
short with little risk or wait for Pullback to short for
right risk amount.

2. The buying pressure might come in from 1.418 level.
There is possibility that it will surge up to 1.44 neckline
level. Watch for short opportunity at neck line!