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ricknyanwood
May 5, 2020 3:53 PM

AUD/USD SHORT Short

FX:AUDUSD1D
Australian Dollar/U.S. DollarFXCM

Description

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The pair here is building the classic Elliot wave pattern. The uptrend is over, now the wave is in the 7th stage. When the wave starts making lower lows in the smaller timeframe then a short position can be made with a very good target.
Trend Analysis
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