EURAUD Daily TF
Bias Bearish
Fundamental
EUR have bearish fundamental momentum. AUD have bullish fundamental momentum
Price Action
Price broke through H4 support level. Price retrace back into H4 broken support level. Price rejected from the H4 support level and close below the H1 SR level twice. H4 bearish engulfing is formed and likely to create a inverted hammers in H8 candle pattern.
Setup
Short setup at H1 broken SR level.
TP next Daily Support level 1:6
SL above the swing high.
Fundamental
EUR have bearish fundamental momentum. AUD have bullish fundamental momentum
Price Action
Price broke through H4 support level. Price retrace back into H4 broken support level. Price rejected from the H4 support level and close below the H1 SR level twice. H4 bearish engulfing is formed and likely to create a inverted hammers in H8 candle pattern.
Setup
Short setup at H1 broken SR level.
TP next Daily Support level 1:6
SL above the swing high.
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