short top of channel and 161.8 fib

FX:AUS200   S&P/ASX Index
77 2 2
Good risk to reward entry with target at the retest of last break out and 50wma.
I may look to cover position at break even 5940, reversal looks to be developing. Then sell any false break out back down.
reversal turned below break even stop. will leave stop at breakeven 5940 and increase position on break of 5819.
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