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TradeTheStructure
Oct 6, 2019 10:59 PM

The AUDUSD bounced off the BidZone as expected...where to now Short

Australian Dollar/U.S. DollarFXCM

Description

Buyers managed to lift the Aussie higher into previous resistance at 0.6780 off the BidZone around 0.6690 but they are now running out of steam. For continuation higher, price needs to clear out a few late buyers so we are watching for a shoulder sell entry setup for the squeeze lower.
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