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MMFXSignals
Oct 14, 2020 9:24 AM

AUDUSD ANALYSIS Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD rejected from downtrendline with bearish movement forming Elliot wave 4
Price is based below resistance level at 0.7200
RSI is below level 50
Price is based on HVN at level 0.7167
we r waiting price to break support level at 0.7150 and break lower edge of rising wedge pattern to open short trade
It's expected for coming Elliot wave 5 to target level 0.6925
Comments
Dave-FX-Hunter
nice one. might I'm wrong with my view

MMFXSignals
@DaweFXHunter, actually it broke the corrective uptrendline with strong bearish movement
wijitha
Great work
MMFXSignals
@wijitha, thnx
aijazshah_aijaz
Can you please suggest a proper SL and TP here ?
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