FxGeneral876
Short

Short The Range!

FX:EURAUD   Euro / Australian Dollar
49 0 1
Prices have moved back to top of range and looks to be making another move down. A short could be taken at market price, risking 30 pips, or a more conservative entry could be taken after prices have broken .786 fib level. First t/p could be placed at .618 fib level, at bottom of prior move up, with a second t/p being placed at bottom of range, near .5 fib level.
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