Euro / Australian Dollar
Short

Short EURAUD. Downtrend channel

70
Clear downtrend on the weekly. Current price action rejected at upper channel. H4 also showed a bearish engulfing candle.

2 possible scenerios to the downside.

Disclaimer

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.