Upcoming Trade: EUR/AUD

A potential short entry at major resistance level for EUR/AUD, elaboration after chart:



Entry - A good entry wound be at 1.6520 - 1.6530 region
SL - Above previous highs (about 70 - 100 pips from entry), this could validate that the resistant has indeed turned into a support, but as usual, no SL is used when trade is placed
T1 - First Target is at 1.6300 (about 200 - 230 pips)
T2 - Major round number target is at 1.6000 (around 500 pips)

This trade could be entered anytime soon, though for target 2 to be reached could take a while, and most likely a trailing SL would be hit instead. A high probability for T1 to be reached within 2 to 3 days.

Cheers!