EURAUD two possible scenarios

on H4: EURAUD is overall bearish trading below our green trendline so we will be looking for objective sell setups on lower timeframes as price approaches it.

unless price forms a new swing around our green trendline and breaks it upward, then we will buy this one long-term.

on H1: EURAUD is forming a channel in red so we will be waiting for a new swing to form around our lower red trendline and sell on its break downward.

we also have a regular bearish divergence adding more confluence to our sell setup.