EURAUD / sell setupOn longer timeframes (H4,D1) you see the strong downtrend.
Also price retraces quite reliable at the fibonacci levels.
So consider a sell if price breaks the minor resistance line. Then could either go down immediately or first a little bit, then retrace at 0.236 fibonacci but finally fall too.
The retracement at 0.236 fib. would just be one more confirmation to sell towards 1.3750.
