From TradingView · · 30s
EURAUD 1H Bearish Setup
Wait for confirmation before shorting EUR/USD.
In brief
Wait for confirmation before shorting EUR/USD. Trader advises waiting for price rejection below 1.6036 to confirm bearish setup on EUR/USD. Originally reported by TradingView.
Price Below Supply Zone
Price is struggling below a key supply zone while the 1H structure shows weakness and lower highs.
Trade Setup Details
Entry zone 1.6036 with stop loss at 1.6096 and targets at 1.5980 and 1.5914.
Why This Setup Works
Price below supply zone, lower highs, rsi at 36.87, and potential breakdown to support levels.
Here's the gist
Trader advises waiting for price rejection below 1.6036 to confirm bearish setup on EUR/USD.
