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PetarJacimovic
Jul 26, 2016 12:34 PM

AUD/USD - Accumulation phase completed, target 0.7900 Long

Australian Dollar/U.S. DollarFXCM

Description

I found 5 days base (accumulation) according to 30M chart. Price broke the base in a high volume and healthy price action and confirmed effect phase.

SL is set at 0.7450 and target at 0.7900

Risk reward ratio in this setup is 1:6

Feel free to comment if you like analysis >

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