EURAUD: Short the Butterfly/Trade the Shock

Fundamentals:
Natural gas and energy prices will continue to shock the markets for the winter. Euro's trade balance is out of whack. I believe that shorting EURAUD matches this view.


Technicals:
Clear downtrend
downward trendlines
Scott Carney's butterfly pattern (hopefully, it is a correct....)
Bearish Cloud
Tested the Resistance Band
Under the 200 ema
Rejection candles at resistance
ButterflyenergyshockFundamental AnalysistradeshockTrend Analysis

Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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