FX:EURAUD   Euro / Australian Dollar
71 0 4
The pair is about exactly at this potential Wave 1's 61.8 fib.

If it breaks below that 61.8 fib the bullish Wave formation could be called broken so it would b a good idea to confirm that the bullish wave is broken before entering short with a sell stop similar to the one show. The entry for the sell stop shown is far enough below the fib support to confirm a breakdown of the wave with a stop loss just above the 61.8 fib which should not hit if the wave truly dissolves.
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