EURAUD SHORT TRADE - H1 ENTRY SETUP

On EURAUD, we have a bullish setup this morning, with the price reaching the 1.653 zone, where it encountered a FVG and a Forex48 block. After receiving some confirmations on the M15 timeframe, I entered short with a target of 1.642, resulting in a risk-reward ratio of 1:7 with a 1% risk. At the time of writing, the price is already at breakeven, making the trade risk-free. Let me know how you would manage this trade and what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.