Sell EURAUD Triangle Breakout

The EUR/AUD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a triangle pattern.

Potential Short Trade :

Entry: Below the broken support line of the triangle, ideally around 1.6570 after confirmation.

Target Levels:
1.6477: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point.
1.6420: This is a further extension of the downside target, based on the height of the recent price movement.

Stop-Loss: Place a stop-loss order above the broken support line of the triangle, ideally around 1.6610. This helps limit potential losses if the price fails to break out and reverses upwards.

Thank you.

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