We have upcoming news for AUD and it could play out this way on the EURAUD pairing.
This is purely technical conjecture and is not a great trade idea or to be considered particularly savvy.
I will risk $10 for fun on this and will have a Buy Limit setup at my TP as well for the touch and rejection.
Good Luck, have fun. Cheers
Note
A Quick note about my Stop Loss levels in these ideas...
While the chart shows that I have set a Stop Loss, the chart acts as more of a guide or an area of importance. If price does go above the charted SL it does NOT always mean that I am closing the trade at that time.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.