Euro / Australian Dollar
Short
Updated

EURAUD High Reward Trade Setup 01/Sep/2020

53
Hello Traders,

Hope you all are doing good!!

The pair is showing Bullish Divergence on 4H & hence, more likely to make a corrective move.

I expect the pair to retest the broken trend line again. At this point we will observe the price action and open a SHORT position for very good R:R.



TP @ 1.61010


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Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Trade active
As there was no price rejection candle formed within the mentioned Supply Zone.
But we can take trade now once the trend line is broken downside.

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