Hello traders, we want to check the EURAUD chart in the 4-hour time frame. After moving in an ascending channel, the price has reached the resistance level of 1.63800 and also the ceiling of the ascending channel. We expect that this resistance level will stop the upward trend of the price and the price will reach May the specified targets fall, good luck.
EURAUD sell Entry : 1.63775
Stop : 1.65455 , Target1 : 1.62070 , Target2 : 1.60420
Risk/Reward Ratio : 2
EURAUD sell Entry : 1.63775
Stop : 1.65455 , Target1 : 1.62070 , Target2 : 1.60420
Risk/Reward Ratio : 2
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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.