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ahgillani
Mar 1, 2017 8:55 PM

AUDJPY 1H TECHNICAL ANALYSIS Short

Australian Dollar/Japanese YenFXCM

Description

We see a very strong resistance at current level. The price has to complete another wave downwards before breaking the resistance - We short this pair at current level and book profits @ 86.50 and than 85.20 which was our target in earlier charts. (Buy low, sell high)

Comment

Break of flag will land the price to 85.80, 85.60, 85.20

Comment

This pair is testing my patience.

Trade active

Sell at 87 and book profit at 86.50 and 85.80

Trade active

Heading towards target

Trade closed: target reached

200 Pips Profit.

A good study and test of patience
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