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MFF88
Dec 6, 2020 1:59 AM

Retracement before going long Short

Australian Dollar/U.S. DollarFXCM

Description

The current market trend is still in bullish mode. But it will retrace to the support line first before continue to rise. Hence, based on SnR and Fibo, I will wait for a retracement (sell) at 0.7445.

Trade closed: target reached

Tp reached at the end of the trendline. You may set BE if your TP is lower
Comments
azmi12321
good analysis...agree with the bullish..
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