EURAUD has rallied in is now trading at its resistance level which is why I am looking for short positions this currency pair. The rally was very steep and I am looking for a reversal as a double top formed. I will enter more short positions every 50 pips higher from here until we reach 1.4775. I expect forex traders will seek good short entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.
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