EURAUD 2H Short Retrace

Price may not create a new high
Price has been stretched away from 50 sma for awhile
Sell Stop @ 1.5655
Target Price @ 1.5575

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Price on 15m is hit sell stop. Watch a 5m chart for a break-hook-go confirmation or to see if B-H-G failed and price moved back above support level. That could indicate bearish timing was wrong or consolidation is coming.

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Current 15m Break-Hook-Go developing for entry point on short trade