Analysis of EURAUD Sell Setup on 4H Chart
The EURAUD currency pair has been showing signs of weakness on the 4-hour chart. According to the QML (Quality Market Level) of the chart, there is a high probability of a bearish trend forming in the near future.
The recommended action is to sell at the supply zone, which is currently being tested. It is important to watch out for any unexpected price movements that may occur during this testing phase.
Furthermore, it is predicted that the expected profit will be considerably high, as there is no resistance in the way. This means that the price may continue to fall even after it reaches the supply zone.
In conclusion, selling EURAUD at the current supply zone is a favorable trade setup, with a high probability of profit. However, it is important to monitor the chart carefully and be prepared to react to any unexpected price movements.
The EURAUD currency pair has been showing signs of weakness on the 4-hour chart. According to the QML (Quality Market Level) of the chart, there is a high probability of a bearish trend forming in the near future.
The recommended action is to sell at the supply zone, which is currently being tested. It is important to watch out for any unexpected price movements that may occur during this testing phase.
Furthermore, it is predicted that the expected profit will be considerably high, as there is no resistance in the way. This means that the price may continue to fall even after it reaches the supply zone.
In conclusion, selling EURAUD at the current supply zone is a favorable trade setup, with a high probability of profit. However, it is important to monitor the chart carefully and be prepared to react to any unexpected price movements.
Trade closed: target reached:
Hope every one get profit.
Sometime I may late update. If urgent you can comment down below.
Sometime I may late update. If urgent you can comment down below.