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
Here is my analysis for EURAUD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5871).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
