EURAUD (4Hour): Patiently waiting for a sell✅

Hello fellow traders, please take a look a look at this profitable idea on EURAUD.

Reward: 546 pips 🤑
Risk: 43 pips ❌
Risk/Reward Ratio: ✔

Chart Breakdown:📉📈

• Daily Timeframe:
  We have a downtrend in place as price breached the previous higher-low of the uptrend and formed a lower-low and lower-high confirming the downtrend.
  We are therefore bearish on this timeframe.
  
  
• 4Hour Timeframe:
  We have a downtrend in place on this timeframe as well further increasing our bearish sentiment.
  We have a downward trendline that needs a third touch confirmation that I'm anticipating before entering my sells.
  I will enter aggressively at the touch of the downward trendline and wait for a bearish candlestick confirmation for additional confirmation.
  
  
• 1Hour Timeframe:
  We have a downtrend in place on this timeframe giving us confirmation that this pair is overall bearish
  

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