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Euro / Australian Dollar
Short

EURAUD Potential SHORT

By asagay
Updated
snapshot

Looking to see more downside on EA. Weekly exhaustion with a break of structure on H4. The 50% fib level could be a good area to sell cause its matched up with a nice zone, but keep in mind there is a nice horizontal resistance around the 61.8 and 70.5. It could wick the horizontal resistance then continue to fall. All market structure is bearish also with all emas on all time frames red over blue showing a bear market.
Trade active
retraced to 61.8 and fell 100+ pips
Trade closed manually
closed at 0 fib level
Trend Analysis
asagay

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