EUR/AUD Short Trade Setup – 4H Chart
This trade is only valid if the current 4 hour candle closes below 1.62364.
I'm currently looking at a potential short opportunity on EUR/AUD after the upward trendline was broken, confirming a shift in momentum. Price has retested the broken trendline and respected the downward trendline, which remains valid.
Entry: 1.62620
Stop Loss (SL): 1.62850
Take Profit (TP) Targets:
TP 1: 1.62364 (Set Stop Loss to Break Even at this point)
TP 2: 1.61944
TP 3: 1.61171
TP 4: 1.60330
I'm currently looking at a potential short opportunity on EUR/AUD after the upward trendline was broken, confirming a shift in momentum. Price has retested the broken trendline and respected the downward trendline, which remains valid.
Entry: 1.62620
Stop Loss (SL): 1.62850
Take Profit (TP) Targets:
TP 1: 1.62364 (Set Stop Loss to Break Even at this point)
TP 2: 1.61944
TP 3: 1.61171
TP 4: 1.60330
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.