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EURAUD: Classic Pullback Trade From Resistance 🇪🇺 🇦🇺
Euro / Australian Dollar
Short
EURAUD: Classic Pullback Trade From Resistance 🇪🇺 🇦🇺
By VasilyTrader
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Oct 8, 2024
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Oct 8, 2024
EURAUD looks quite oversold after a test of a wide, key daily resistance.
We see a double top formation after its test and a local sign of strength of
the sellers with the violation of its horizontal neckline.
The price may drop to 1.6267 level.
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Double Top or Bottom
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Multiple Time Frame Analysis
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