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  • Vasily Trader

EURAUD: Key Level Trade Explained



Hey traders,


EURAUD reached a key daily resistance level .

On that, the price formed a double top formation on 1H time frame.


1.5565 - 1.557 is its neckline.

Wait for an hourly candle close below as your signal to sell.

Then open a short position aggressively or on a retest.


Goals:

1.5515

1.545


In case if the price closes above a yellow resistance,

the setup will be invalid.

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