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amanpaulbhogal

AUS200/ASX200 long trade

Long
S&P/ASX Index (FX:AUS200)  
amanpaulbhogal  
FX:AUS200   S&P/ASX Index
low-test-bar support Support and Resistance 50%-retracement 382 Fibonacci Retracement Trend Lines
3
0
low-test-bar support supportandresistance 50%-retracement 382fibonacciretracement trendline
With a low test close testing a support area and the ascending trend line, and rejecting the 0.382 Fibonacci level as well as the 50% retracement line, this a long continuation trade with a preliminary target at the next resistance level. Entry above high of low test bar and stop loss below low of low test bar.
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