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Snehath
Oct 9, 2016 7:46 AM

0.75 is a key level for AUDUSD Long

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD has enjoyed a nice bull run but it hit the 0.77 level and began to fall. I see a good opportunity seeing the bulls coming into play at 0.75.

There is a bat pattern here with channel support and the 0.75 level has been seen as a good support in the past.

Order cancelled

Came very close to the entry price and reacted strongly. I will be looking for short opportunities next week.
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