Greetings Forexia Family, lets have a look at the EURAUD pair. As i can see from the 4HR chart that pair has overall downtrend.
Besides, i can see that EURAUD has formed the mini up trend within the macro downtrend.
Trendline created from the previous week low and FRIDAY AND SUN/Mon which tells me that the pair has trapped the buyers above the support and with trendline.
Thus, i believe the pair has more potentials to go down. I am already in that position with 0 drawdown.
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL FOR YOUR TRADING AND USE PROPER MONEY MANAGEMENT IN YOUR TRADING