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jonathanwright
Feb 5, 2019 3:47 PM

AUDUSD long Long

Australian Dollar/U.S. DollarFXCM

Description

Monthly :
Multi year lows broken,
hammer pattern to end the month
bullish signal

Weekly :
break & close above MA's
rejection of weekly support
TL break to upside means trend reversal - look bullish

Daily :
higher highs & higher lows, trading above MA's
counter-TL opportunity for bearish continuation
(must break both MA's & counter-TL)

4H :
sharp bullish rejection @ intersection of trend & counter trend lines
entry on crossing above MA's with candlestick reversal @ .786
___

Trade active

Entry @ 0.72612
SL - 0.7188
TP - 0.7366

[1.43R]

Trade closed: stop reached

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