EURAUD +2.88%

Reason for placing the trade: Price had been reacting against a strong resistance line, we got a nice bit of momentum to the downside. Price was moving bellow the 200MA indicating a sell bias on the market. Price was also moving against the Top BB suggesting the market was over bought so that was some extra confirmation price would move to the downside. I set my SL above the resistance and wick rejections from previous price action and targeted the previous lows!