EURAUDSimple correlation short with AUDCHF, (negative correlation).
Overall trend is bearish
Simple bearish continuation following an exhaustion.
Note
TRADE CLOSED - 5 pip loss. Looked at past structure and realised that its unprobable for a double touch of bottom trendline following downward impulse move. Also, we're forming higher highs on shorter TFs.
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Disclaimer
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.