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EURAUD Bearish/Descending Triangle

Short
Euro / Australian Dollar (FX:EURAUD)  
MtxTrader Updated   
FX:EURAUD   Euro / Australian Dollar
EURAUD 4h short Bearish Patterns Descending Triangle Support and Resistance Trend Lines priceaction
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euraud 4h short bearish descendingtriangle supportandresistance trendline priceaction
EURAUD 4h chart, price once again retested the resistance TL shown above. Seeing as how price more or less conformed to it, excluding Trump's election, it consider it pretty reliant. This price formation is pretty tight, with price respecting the resistance.

I've entered a short position at about 1.4403, stop loss and target are shown above.

1h MACD is bearish.
Comment:
Stop loss held on account of me factoring in stop loss hunting and institutions knowing that many S/L will be slightly above high of last top. Whew.
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