EURAUD short

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You can see that the wave respected the weekly and monthly resistance, which alined with the rsi being in the overbought zone.
see link below!

Also the wave respected the 0.618 level which is a strong level to short.

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Here is the weekly and monthly trend lines

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EURAUDFibonacciMultiple Time Frame Analysismulti-timeframeshortSupport and Resistance

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