Hello traders, today let's review euraud 8hour chart. currently bullish impulse in progress, expecting bulls to max out near 1.27/1.44 extension at 6250. speculative h*s structure in progress, reversal from overhead resistance so bears should be looking to short near 6250 using SL 50. Bears will target re-test of the neckline of the structure at 5350. strong risk/reward in this reversal swing trade setup. Expect upcoming fed meeting to trigger reversal in euraud.
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