Lingrid | EURAUD trendline BREAKOUT. Potential Short
The market for 
EURAUD has broken and closed below the upward trendline, suggesting a shift in momentum. The rejection of the resistance zone and the break below the 1.63000 level adds further confirmation of bearish sentiment. It appears that the market may form a small pullback before continuing its downward movement. The long-tailed bar observed on the daily timeframe indicates significant bearish pressure, reinforcing the expectation for the price to move lower in the days ahead. My goal is support zone around 1.62440
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURAUD has broken and closed below the upward trendline, suggesting a shift in momentum. The rejection of the resistance zone and the break below the 1.63000 level adds further confirmation of bearish sentiment. It appears that the market may form a small pullback before continuing its downward movement. The long-tailed bar observed on the daily timeframe indicates significant bearish pressure, reinforcing the expectation for the price to move lower in the days ahead. My goal is support zone around 1.62440Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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