Short Setup on EUR/AUD - Top and Bottom Analysis

4H CHART EXPLANATION:

Price left a great bearish candlestick at the zone of potential revertion. Also, there is MACD Bearish Divergence between the previous Higher Highs. We expect a downside movement towards the Support Zone, and if it is broken then it has potential to reach the Ascending Trendline.


MULTI TIMEFRAME ANALYSIS:

-Daily:



-Weekly: