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krugman25

AUDUSD - Bullish strength and potential buy signal forming

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
krugman25  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Candlestick Analysis Trend Analysis AUDUSD aud USD Forex fx audusdlong priceaction Double Bottom
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supportandresistance candlestick trendanalysis audusd aud usd forex fx audusdlong priceaction doublebottom
AUDUSD performed a false break from the .7600 level on Friday. While this was a good bullish trend and perhaps a sign that price will continue it's rise, it simply wasn't strong enough for me to take a position. If price drops back below near term support and forms a double bottom with a sharp recovery then I will re-evaluate and most likely take a long position if there is a nice price action candlestick pattern that has formed.
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