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justatrader
Sep 12, 2013 10:44 AM

AUDUSD - Bears in Control Short

Australian Dollar/U.S. DollarFXCM

Description

I should be waiting for the close of this H4 candle to enter short if the conditions are met. But given the buy cycle looks like its complete, taking an early entry.

The first immediate target is 38.2% Fib @ 0.91409. Followed by S1 @ 0.9
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