EURAUD - Will double peak divergence work out?

PAIR IN FOCUS: EURAUD
ACTION: SHORT
HORIZON: SHORT TO MEDIUM TERM

The presence of a bearish RSI divergence in the H4 time frame signals an incoming price correction. Look for bearish price action for entry confirmation. It is possible for price to carve another swing high with lower RSI before the actual correction.

The TP levels have been indicated on the chart, plan your own Stop Loss because the capacity and willingness for each trader to hold for another potential swing high is different. Remember to manage your own risk!

Feel free to discuss and comment, Cheers!

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