EURAUD has formed strong bearish price action on the 4H timeframe. The price is already long-term bearish. After the previous month's bearish engulfer, this moths price already retraced, now preparing for a big drop to create a new lower low!
The current price has broken the previous swing high, grabbed liquidity, and started to drop with 4H bearish engulfer
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The current price has broken the previous swing high, grabbed liquidity, and started to drop with 4H bearish engulfer
Give a thumbs up if you enjoy this content :)