EURAUD (1 Hour): Potential sell setup???
Hello pip hunters, here's my view on EURAUD this week.
Reward:576.3 pips🤑
Risk: based on your personal risk appetite❌
Risk/Reward Ratio: 6.42âś…
Chart Breakdown:
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DR.Swing_Forex
Reward:576.3 pips🤑
Risk: based on your personal risk appetite❌
Risk/Reward Ratio: 6.42âś…
Chart Breakdown:
- Daily: On the daily timeframe price broke below an uptrend trendline indicating bearish momentum
- 1 Hour: On the 1 hour timeframe we have a downtrend taking place shown by the lower highs and lower lows
I'm anticipating a touch of the downtrend trendline + the resistance + formation of a bearish reversal candlestick to confirm entry
Please follow for more quality ideasđź‘Ť
Like and comment if you agree with the idea
DR.Swing_Forex
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