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MEX_Exchange

AUDUSD broken major ascending support triggering a bearish move!

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
MEX_Exchange  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdshort audusdlong audusdforecast audusdsignal Forex forexsignals
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdshort audusdlong audusdforecast audusdsignal forex forexsignals
Sell below 0.8036. Stop loss at 0.8126. Take profit at 0.7894.
Reason for the trading strategy (technically):
Price has finally broken our major ascending support triggering a bearish move below our pullback resistance at 0.8036 (Fibonacci retracement, horizontal overlap support, ascending support, bearish divergence). We now expect an influx of bearish momentum to see the big drop down to 0.7894 support (Fibonacci retracement).
RSI (34) is starting to break our 46% support-turned-resistance level.
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