euraud buy setup found
euraud has falling the channel for long time, now it is showing that it has broken the trendline , here is the potential for sell the market from both of side, from major and minor wave , from both side market has broken trendline now we can expect a good sell for euraud after retracement
The 4 hour right side is down against the 3/19/20 highs at 1.9789. Ideally while below the late June highs there the pair can see a turn back lower continue. Before fall we can see a short term rally towards 1.6350
Good luck !
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.