EURAUD setting up for a big move
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EURAUD broke out quite sharply few weeks back followed up by a double top on bigger picture. As now this market rallying a bit but to me it seems like market momentum is weakening across the board which signals for a downside to ensue. Watch for compression here and strong bearish expansion bars to build positions or if you have your trading strategy consider shorts.
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Note
up more than 160 pips so far.Note
Move stops to break even.
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