EURAUD H1 SHORT PRICE ACTION FORECAST

Price was able to manage the breakout of the ascending trendline, with the EUR showing seller bias across the board and the AUD buyers' preference. We can be in the presence of the re-test of the broken trendline for a downtrend continuation towards the support area of the channel pattern; this allows the setup of a short position.

The order:
Type: sell-stop
S/L: 20 pips - R:R | 1:3 -
T/P: support level

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