As shows the daily chart of pair EURAUD it remains in a downward trend, where established are getting lower peaks and lows. In the middle of last month has been broken uptrend line carried out from the low at the end of April.
Currently mentioned trend line is tested from the bottom as a new resistance, and we can see that it is now respected. In such a situation, you can look for SELL signals . These can occur for instance on a M30 chart
As we can see below, the price has already created a lower low, and the price fell under the 20-period SMA. If we observe an upward correction, and then will we have lower lows, we can start thinking about selling the pair.
We should secure with not distant TP, the potential short position, due to the strong bullish momentum which we recently witnessed.
