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AUDUSD: Top-Down Analysis & Potential Pullback Trade 🇦🇺🇺🇸
Australian Dollar / U.S. Dollar
Long
AUDUSD: Top-Down Analysis & Potential Pullback Trade 🇦🇺🇺🇸
By VasilyTrader
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Updated
Dec 7, 2021
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Dec 6, 2021
AUDUSD dropped to key weekly structure support.
0.697 - 0.702 is the zone from where I will look for a pullback trade.
To buy with a confirmation, wait for a bullish breakout of a falling parallel channel on intraday time frames.
Goals will be 0.7165 / 0.7265
In case of a bearish breakout of the blue zone, the setup will be invalid.
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Dec 7, 2021
Note
Check my new idea on CHFJPY:
AUDUSD
dollar
Forex
Multiple Time Frame Analysis
Parallel Channel
swingtrading
Technical Analysis
trading
Trend Lines
USD
DJ FXCM Index
VasilyTrader
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