**Awaiting for rejection of trendline**

FX:EURAUD   Euro / Australian Dollar
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EURAUD             is poised for a big rise based on some trend reversal patterns identified earlier in previous posts.

Since this rally, there has been no retracement on the current timeframe and a long term trendline has formed indicating that there could be a rejection and a retracement move ready to happen and towards this weeks pivot .

Stops above the trend line in case of an aggressive breakout. Remember, trade small and don't risk more than 1%-2% of your account!
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