We can see a likely breakout happening towards the downside. Looking to enter a short trade on EURAUD, potentially leading to profitable outcomes. However, it is important to always consider the risks involved and practice proper risk management techniques. In this case, 2:1 RRR.
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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.