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Long

AUDUSD Long Opportunity

FX:AUDUSD   Australian Dollar / U.S. Dollar
23 1 3
AUDUSD             is finding support at the 200 EMA on the 4hr chart.

Reasons for going long:
- 200 EMA Support
- Trendline Support

We will need to wait for the current 4hr candle to close & ensure there is bullish price action.

Stop
- Below recent swing low: 0.7575

Profit Target (1:3)
- Look for a 1:3 Risk: Reward: aim around 0.7675

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Price has retested the 200EMA and shot up - we should have a decent run up now and hit profit target of 0.7675
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