EURAUD short

EURAUD has broken its uptrend that has been forming over the past few weeks as it came into a strong area of resistance. The trendline was broken with market strength and I think we hold resistance and come back down, possibly signaling a larger downtrend. For now, I have my profit target set, but will most likely only sell 1/2 the position if we TP and let the rest ride the trend as we may see a larger downside.
Trend Analysis

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