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masterkeytrading
May 23, 2017 6:36 AM

EA Long 5-23 Long

Euro Fx/Australian DollarFXCM

Description

Last Week Candle Close: Bullish Marubozu
Consolidation around HH.
Price action has made a HH which is confirmed on the daily chart *less probability of false high*
Weekly price action has broken last LH to form a HH
R/S signal: 1.5 break and retest of support.
Fib: from 4H last bull swing to form HH - 50.0 confluence of 1.5 respected by price

Waiting for further long confirmation with break above 1.5050
Long targets are 1.51 and 1.55

SL 1.4920 *53 pip risk*
ENTRY: 1.49737

Trade active

ENTRY TL SUPPORT
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