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Fxprotrader
Apr 18, 2016 7:49 AM

AUDNZD Tremendous Risk/Reward Ratio Buy Setup  Long

Australian Dollar/New Zealand DollarFXCM

Description

In my previous post about AUDNZD (link on the chart) i described the potential breakout above the upper trendline of the triangle pattern, something that happened with a shap impulsive move. Price has retraced to test the broken level giving us a beautiful buy setup with great risk reward ratio.
Comments
leeeon
Well done!
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