Reason Behind the Sell 1. Double the Time Bearish Engulfing In Day Candle 2. Obey the Parallel Downtrend Line Overall Possible Outcomes EURAUD SELL 1.6389 SL 1.6470 TP 1.6170
Strong buy trend in daily and also market just broke the flag pattern.
EURAUD has Formed strong bearish pin bar and taken resistance from trend line too. Entry can be taken after a small correction which price can take from 200 EMA.Overall Trend is down so more downside can be seen this week in this pair.