EURAUD H1 Analysis

The EURAUD chart broke out of the channel it was ascending in. Furthermore, as AUD pairs are still gaining strength, there is a good chance for the price to fall in the upcoming hours. SL level is placed in such a way not to incur any big losses in case the price returns to the bullish trend. Hence, the trade would be executed as follows:
EURAUD
SELL: 1.63200
SL: 1.63600
TP1: 1.62700
TP2: 1.62200