4h shows a very clear movement off resistance therefore indicating it is time for EURAUD to go down. retracement is likely to take place a number of time but the overall movement for this pair is downwards.
keep an eye on 15M for a good entry!
The better the entry = the more pips you catch!
4h = is an upwards trend.
1H = Is an upwards trend.
TP can be from the region of 126.207 to 126.302
seems like the market price is turning D resistance into support therefore SL is in place to hopefully accommodate.