Short Opportunity for EURAUD

23 apr 2020

I have opened a short position on this pair. It has broken out of my identified support zone. Furthermore, with the weakening Euro, i believe that there is more space for the pair to continue its downward momentum. For now, i have opened half a lot size first while waiting for the pullback (if there is) to open another half. This is because i think there might be a chance for its strong momentum to currently drive the pair lower fast. Thus, i open half first instead of my usual pullback strategy.