EUR/AUD Short Trade

This pair is moving in a bearish trend for many days while respecting the trendline. There are a few pullbacks in the chart but it has been rejected each time from the trendline, this is a strong sign of a trend run. The pair broke a support level of 1.4802 and did a retest to the level before it continues the move.
We wait for the momentum to pick after the retest and then our trade will be executed.

Comment:

The pair did exactly what we expected and bearish momentum picked up, with a few pullbacks in the price our trade again reached TP of 2R
Our TP was 1.4536 and it made a low of 1.45355 which also shows the importance of picking the right price points for TP and SL.