EURAUD
Mario Draghi's comments earlier during the press conference for the ECB Monetary Policy were mostly negative in terms of outlook. This should affect the euro accordingly so I will begin to build euro exposure...
1. Up-trend line broken
2. Retest of the trend line from the underside (can be seen clearly on a line chart)
3. Bearish engulfing candle pattern completed
Enter @ market price 1.56942
TP lower @ previous support 1.55260
SL just above the recent high where I feel the setup would be deemed invalidated 1.57997
Don't bet the farm, always exercise good risk management