FX:EURAUD   Euro / Australian Dollar
The two areas I have circled in red show two similar scenarios:

1. a previous area of resistance

2. two candles showing long wicks a sign of exhaustion from the bulls and a potential signal of reversal to the downside

The two pink horizontal lines show my target profit zones.

Before entering my trade I will be waiting for extra confirmation from the 6H chart for EMA crossover to clearly signal a push to the downside.

Any comments or improvements are more than welcome.


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