What doesn't rise may fall however

FX:EURAUD   Euro / Australian Dollar
17 1 0
No idea whether this is an up- or a downtrend. We see a failure to regain the median line of the mirrored pitchfork and a growing downward momentum, however. That's why I assume that the Euro             will meet the target within the ellipse now before possibly resuming its uptrend.
The target has been almost reached and I am taking the profit now.
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