Since mid-August of last year, 
EURAUD has been consistently forming lower highs on our chart, negating a bullish trend that spanned over a year, a trend which was negated back in December.
This year, the pair has entered into a distribution phase, with a high likelihood of establishing a new lower high.
Over the past month and a half, bears have sold every rally, particularly those near or slightly above 1.66.
With the pair returning to the support zone, there is a strong possibility of a downward breakout.
In such a scenario, EURAUD could accelerate its losses, potentially dropping below 1.6, a movement of around 500 pips.
Moreover, such a trade could potentially offer a remarkable risk-to-reward ratio of 1:4 to 1:5.
EURAUD has been consistently forming lower highs on our chart, negating a bullish trend that spanned over a year, a trend which was negated back in December. This year, the pair has entered into a distribution phase, with a high likelihood of establishing a new lower high.
Over the past month and a half, bears have sold every rally, particularly those near or slightly above 1.66.
With the pair returning to the support zone, there is a strong possibility of a downward breakout.
In such a scenario, EURAUD could accelerate its losses, potentially dropping below 1.6, a movement of around 500 pips.
Moreover, such a trade could potentially offer a remarkable risk-to-reward ratio of 1:4 to 1:5.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。