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tommyjose92
Feb 9, 2015 3:57 PM

AUDUSD H4 BEARISH 0.618 Short

Australian Dollar/U.S. DollarFXCM

Description

Bearish pattern found on the AUDUSD that is showing good resistance around a past support area around the 0.7875 area. The price went down by 125 pips and now is retracing in a countertrend move that might create an opportunity to enter to the bearish side.
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