Welcome to our weekly trade setup ( EURAUD )!

1 HOUR
Very bullish price action towards previous resistance

4 HOUR
Waving formation at its top, we need a drop now.

DAILY
Short holders taken out before droping further down.

FOREX SETUP
SELL EURAUD
ENTRY LEVEL @ 1.63460
SL @ 1.64560
TP @ 1.61260
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels – different Brokers!)

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Have a great week everyone!

ALAN