EUR/AUD has broken its bullish trend after forming a bearish divergence on the 4-hour timeframe. Based on this setup, we will look to execute a short position at 1.76608.
The stop-loss will be placed at 1.86192, with profit targets set at 1.70922 and 1.67766.
The stop-loss will be placed at 1.86192, with profit targets set at 1.70922 and 1.67766.
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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.