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ninasimone
Nov 19, 2014 12:38 PM

AUDUSD Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD is in the same position as the EUR/USD after a strong reversal provoked the break of important resistance level, pressure from buyers has weakened and reversal of price to the previous levels is expected.
I trade using USDJPY trend line break approach. Only hourly price chart is used for a trend line, the line is drawn through at least two local lows or highs
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