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: 6.42✅
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
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