HughGRection

4 Month H&S Forming?

Short
FX:EURAUD   Euro / Australian Dollar
1
- Running into resistance near Ichimoku cloud
- This is reinforced by the 0.382 Fib line
- 0.382 Fib line was a significant previous top on what looks like the left shoulder
- Stochastic entering overbought territory
- Euro still likely has more correction potential into 1.32-1.33 range before resuming down trend

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