EURAUD broke the top wedge pattern, indicating a potential end to the bullish wave. A short position towards the major support zone at the 1.62200 area could yield a decent profit with a good risk-reward ratio.
@ahel999, If the power candle comes and then bounces back to the entry immediately, it creates a rejection candle, which means it could push higher. Therefore, we need to manage the orders accordingly.
Thank u