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Michael_Harding
Jan 2, 2024 12:26 PM

AU200 3:1 R2R Sell Setup Short

Australia 200Capital.com

Description

First thing to note is that we have a bearish breakout below the ascending trendline on the 1hour timeframe. Additional RSI is suggesting selling pressure with the bearish divergence.

== Game Plan ==
Wait for a pullback as outlined on the chart to enter a sell targeting a 3:1 risk to reward.
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