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MEX_Exchange

AUDUSD profit target reached perfectly, prepare to buy

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
MEX_Exchange  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdshort audusdlong audusdforecast audusdsignal Forex forextrading
5
0
trendanalysis harmonicpatterns chartpattern audusd aud usd audusdshort audusdlong audusdforecast audusdsignal forex forextrading
Buy above 0.7877. Stop loss at 0.7846. Take profit at 0.7938.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 0.7846 (Fibonacci retracement, horizontal pullback support) for a push up to at least 0.7938 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above 7.2% where we expect a bounce from.
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