[H1] - Broadening wedge on EUR/AUD - possible short

Jun 9, 2016

The price of EUR/AUD reached the upper border of a broadening wedge. This could result in a rejection which pushes price down all the way to the lower edge of this wedge. Alternativly, price breaks the wedge and goes higher towards the next resistance. However, I prefer the downside.

Jun 15, 2016

Trade closed: stop reached

This trade ran into the SL, after pretty much ranging and coming very close to our TP. The setup did not work out as intended.