Ace Trading Academy - AUDUSD Sell Idea

AUDUSD had bounced down from the resistance zone and is now heading lower. Could enter now or wait for a break of the .71500 zone and wait for a close of the candle. If it doesn't break the .71500 line and retest back up to the resistance point be patient and wait to see if it bounces off the resistance point once more. Once the candle closes below the line which is drawn on the chart at .71500 look for AU to push to the bottom support zone around .71000, which is shown as a box, which will be completing its move.

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Stop taken out but trade is still valid, wait for a push down from this zone or a break through of it. Be patient to execute!