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twolines1
Jan 7, 2013 8:07 PM

AUDUSD 1 hour triangle Short

Australian Dollar/U.S. DollarFXCM

Description

Triangle is forming on 1 hour chart and break out to the down side is a good set up to get some short positions. At the same time break to the up side is a good set up to get some long positions, but at this moment I prefer short position. Break of the triangle's upper line and this plan is not valid any more and possible long positions will be established.
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