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david.cummins.581
May 19, 2015 11:36 AM

Short oppurtunity Short

AUSTRALIAN DOLLAR / JAPANESE YENICE

Description

This pair has just tried to break through a major weekly resistance area at 96.517, however we have seen a pull back on the previous candle and all signs to me point to the short. However if you want to be on the cautious side of things (which I am) I would wait until a close below 95.43. My price target is support at 94. 012 and have my stop set just above the previous candles highs around 96.1
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