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jvaledon

EURAUD LONG TRADE AS PRICE BOUNCES OFF SUPPORT AND FIB LEVEL

Long
Euro / Australian Dollar (FX:EURAUD)  
jvaledon  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis
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trendanalysis
Price came back down to re-test broken resistance and now I see some bullish activity forming. My decision to go long is after seeing a bullish engulfing candle form at this level which also lines up with the 50 FIB level. I am going long and targeting previous resistance.
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