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UnknownUnicorn1087693
Mar 4, 2018 9:16 PM

AUDUSD: Long - Consilidation Long

Australian Dollar/U.S. DollarFXCM

Description

- ABCD consilidation triangle formed.
- Price has just broken past support line, but bullish spining top doji candle formed, testing the broken support level.
- Stoch indicator has entered over sold region, price to leave over sold region?
- However, MA5 and MA20 still pointing down, indicating continuation of down-trend?
- Bollinger Band bounce up.
- Sentiment: Price will go up the the consilidation triangle's resistance line this week.
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