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CourtneyAntonio
Oct 21, 2015 8:12 AM

AUD/JPY Breakout 

Australian Dollar/Japanese YenFXCM

Description

After a strong sell off a double bottom pattern has structured along the long term up-trend. Price looks to be retesting the double bottom.

Currently awaiting a new structure low on the bottom side of the flag pattern.

In anticipation of a close above the top of the flag pattern to confirm a bullish breakout.

A close below the 0.382 fib level will indicate a bearish breakout.
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