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jamesabuck
Jan 13, 2021 7:25 AM

AUDUSD Short Short

Australian Dollar/U.S. DollarFXCM

Description

With this pair we were forming a rising wedge however instead of staying within the structure we saw a fake breakout. The fake breakout makes it looks like we're retesting to continue to the upside, however, this could be a retail trap. Lower highs and lower lows indicate a sell bias. Fair stop to showing price it respects but will probably hold this short for a few days.
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