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LiquidityTracker
Nov 17, 2014 4:40 PM

AUDUSD Pullback trade Long

Australian Dollar/U.S. DollarFXCM

Description

Buying support coming in.
Two possible ways to play the long side:
1) Wait for hammer to confirm and buy above the highs of the hammer with stop below wick and target the swing highs.
2) Wait for a retest of the trend line and buy when price action confirms. Stop below the previous swing.

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