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TheBanker
Nov 16, 2016 11:29 PM

AUDUSD  Short

FX:AUDUSD1W
Australian Dollar/U.S. DollarFXCM

Description

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The battle between the multi year downtrend and the one year uptrend has likely been won by the LT downtrend.

A weekly close below 0.7545/65 will initially target 0.7380/00, a break of which would target 0.7150/00

GL and please give this is a 'thumbs up' if you feel it deserves one!

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AUDUSDaudusdshortaudusdlongaudusdforecastaudusdsignalaudusddailyaudusd_shortaudusdsellaudusd4hraudusdbullish
Comments
ngalimzaini
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It will be up? 1 am OP at 0.74675
danboss
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what do you think should be the TAKE PROFIT in this pair right now? because that is my biggest concern
theforexscrub
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#freebanker
TheBanker
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@theforexscrub, hahahahahahaha
ChimbOt
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Hey MAN, chop life
TheBanker
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@ChimbOt, surprise surprise, we are on the same page.. again!! lol
MardiMars
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See what happens in the news in 45mins 11:30am aussie time AUD
Employment Change 20.3K -9.8K AUD Unemployment Rate. Yesterdays bad news was a 90pip+ drop
TheBanker
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@MardiMars, thanks for your comment! Yes indeed, are you in this? Labour market looking stiff
Gino
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SO you are short, you don't worry about the negative interest rate against you in this pair, I am assuming it is not sure though about the swap?
TheBanker
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@Gino, swaps are negligible compared to gains, it is something retailers have to get used to unfortunately.. until you can find a better broker, there are also zero spread accounts out there which will charge you commission to enter and exit only, not to hold
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