EURAUD has formed a 4hr pinbar in a major resistance zone, and the small uptrend trendline has also been broken. As a result, we expect the price to drop to at least the FIB 0.5 level. I recommend setting the stop loss at the tip of the previous pinbar.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.