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AUSUSD Short Trade

Indicators:

Stoch RSI overbought on weekly and Monthly charts
Current price is @ 61.8 Fib level from the previous high on Monthly chart

Trade setup:

Entry at current level @ 0.73200
Stop loss @ 0.74200 = 1.17% loss
Take profit @ 0.63 which is around 61.8 Fib retracement level from current prices = 13.90% gain
Trailing stop of 150 pips monitoring required

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