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ElevensTrader
Sep 3, 2015 5:58 AM

Get long on EURAUD from a break and retest. Long

Euro Fx/Australian DollarFXCM

Description

Price has broken out of the channel shown and retested on 8/28. After a short rally it looks like price may come down to test the channel again. A previous structure level is intersecting the channel and further support is approaching via the 20 EMA. On confirmation of decent price action this could pose a long position with stops just below the previous retest of the channel.
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