EURAUD, has finished consolidating at the institutional renegotiation zone, price has already broken a structure and the renegotiation mini trend line with a FVG, meaning decision has been taken in favor of the Bears. Price may retrace very little to mitigate a Bearish order block and give the Bears a perfect Entry at 75% premium price. Take Profit 1 is the unmitigated Bullish order block and Take profit 2 is the renegotiation support to clear of the sell side liquidity.
Entry, Stop loss, Take Profit 1 &2 are clearly stated on the Chat.
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.