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Euraudsell

EUR/AUD, DAY CHART, SHORT (11-DEC-2016)Note: EUR/AUD breaks the Descending Triangle Pattern. Further downward movement is expected! Recently, we see a consolidation after the breakout. If the price able to break the consolidation support line at 1.417x area. Here are 2 ways to trade: 1. Short it directly after the breakout with smaller lot size. 2. After breakout, wait for pullback to the support zone and another bullish signal to short. Can trade with righ lot size :) Caution on the AUD employment data on Thursday. Fundamentally, EUR is still on the downside.
Short
by YongLiang