FX:EURAUD   Euro / Australian Dollar
We have recently seen price recently retest broken trendline however I will be looking to take shorts from 0.5 or 0.618 fib levels as they provide a better value. We are currently in the right shoulder on the daily timeframe and we are also forming a head and shoulders on the 4hour. If we see a clear break of the neckline i will be adding a second position
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