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theselfishtrader
Jan 15, 2017 8:59 PM

AUDUSD - Potential pullback? Short

Australian Dollar/U.S. DollarFXCM

Description

This pair has been very strongly bullish of late, and it is heavily overbought
Price is now in a well respected area of resistance and so a short is worth considering
An inside bar has formed on the daily
Target would be former resistance which should act as support at 0.7306 area

Trade active

Entered short at 0.7465
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