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david.cummins.581
May 8, 2015 7:03 AM

AUD Bounce off resistance Long

AUSTRALIAN DOLLAR / BRITISH POUNDICE

Description

Recently posted an idea about going short on this pair and going short if it broke and closed below resistance. However on the 4hr chart it looks like the price tried to go below resistance but couldn't hold. This is a classic crack n snap for me. It is confirmed with the long hammer candle. I would expect this pair to get to at leat 0.5160. Set stops around 0.5076
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