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AUDUSD approaching important trend line

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FX:AUDUSD   Australian Dollar/U.S. Dollar
42 1 0
After taking full profits on the short break of the wedge pattern, prepare for either a bounce up or break down off the upcoming red trend line .

On a bounce up off the line, buy above 0.788, and target around 0.795.

On a break below the line, sell on the break and target 0.782 - with the chance to continue trending down, you could leave your short trade open and adjust your stop loss to lock in profits.
Well, it never got down to the line after all, so no trade has been entered yet. It will no doubt get there at a later stage though, so this idea hasn't been completely discarded.
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