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Michael_P
May 5, 2019 2:35 PM

AU setting up for a nice rally as dxy loses steam 

Australian Dollar/U.S. DollarFXCM

Description

after fridays nfp au created a SFP on the h1 also retested the wick of the daily (spring)
on the m15 chart there is a potential inverted H&S structure left shoulder and head already formed waiting for a creation of the right shoulder to get a great R to R entry

Comment

almost forgot to mention that there is a 4h bull divirgence playing out at the moment also a extra conformation that sellers are loosing strenght and buyers are winning
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