EURAUD SHORT

This is a hedge position!

Monthly:
- On the black horizantal line, we can see a nice resistance level
- I don't want the red line to get tapped first

Weekly:
- We failed to break the structure to the left
- Market will search for extra liquidity to the downside (before going up again)

Daily:
- Rejecting the Daily Highs (Short term bearish momentum can kick in)
- Aligning with a nice region

4H:
- Subtle H&S Pattern