EURAUD broke the raising channel creating a high possibility of a drop. Another factor is the fading volumes from the bullish side, making room for the bears to walk in. The trade set up its shown on the chart, there might be the possibility of a further downside momentum.
Note
Better shown on this picture.Trade closed: target reached
Trade hit TP
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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.