EURAUD (1 Hour): Potential sell setup???

Hello pip hunters, here's my view on EURAUD this week.

Reward:576.3 pips🤑
Risk: based on your personal risk appetite❌
Risk/Reward Ratio: 6.42✅

Chart Breakdown:

• Daily: On the daily timeframe price broke below an uptrend trendline indicating bearish momentum
  
• 1 Hour: On the 1 hour timeframe we have a downtrend taking place shown by the lower highs and lower lows
  I'm anticipating a touch of the downtrend trendline + the resistance + formation of a bearish reversal candlestick to confirm entry
  

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DR.Swing_Forex