FX:AUDUSD   Australian Dollar/U.S. Dollar
110 2 0
Channel break out then retrace to the support. I consider the trend change to uptrend. Expecting 3R/R.
I see, may be at 9300 at the nearest resistance should be more appropriate. However I apply Thomas Demark Theory to project the target profit range from the previous channel height that's what the target came from : )
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maybe target 9393 a little high.
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