We have been following EUR/AUD since it came down to a key range support, and after EUR/AUD bounced off of support. In the previous update, I noted that as price stalls in the middle of the range, it might be prudent to scale out. Now, as the structure of consolidation favors the upside, we can move the stop of the rest of the position higher, to just below 1.4290. EUR/AUD 1H Chart 12/21(click to enlarge)Bulls in Charge:- The 1H chart shows a failed price top as EUR/AUD held above 1.43 for the most part. - The RSI held above 40 for the most part. - Price held above the 200-, and 100-hour simple moving averages, and is now trying to return above the 50-hour SMA as well.- We also see a break above a falling resistance. - These are signs that bulls are still in charge at least in the short-term.Trailing Stop Consideration:- In the previous update, I discussed the simple tactic of scaling out after the most probable part of price action has materialized. - In the middle of the range, the bullish bias is lower, but as noted, is apparent. - With that in mind, we might want to move the remaining stop to just below the support of 1.4290. - The idea is that now that this level has provided support twice, a break below it would be a strong sign that bears are taking over. This scenario would tell us to exit with what gains we already had.