EURAUD, 4hr tf, sell at weekly resistance level

16 de jul. de 2021

As you can see price now at horizontal weekly resistance which is 1.5900 area.
We do have an impulse to the upside recently, but after an impulse, there is always a correction. Usually the correction will be in 3 sub waves ABC.

As we are already completed wave A and B. I think EURAUD might drop once again to complete wave-C.

Sell EURAUD 1.5900
Stop loss 1.5940
Take profit 1.5700 (5R)

Use only 1-2% risk
Good luck