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2014/05/12 (Monday) Price Action

FX:GBPAUD   British Pound/Australian Dollar
10 0 0
We did actually see a good retrace today and a wonderful rejection from the 8-21 ema area.
We also can see a break of Friday candle, which does signify a good signal despite closing back inside the candle range.
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I got filled a few pips lower than Friday bar, so this is an active trade for me at the moment.
I do expect further downward movement however I was expecting a greater momentum down without minimal retrace today.
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