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AudUsd Analysis: I set a long position on it. Why?

posted by Avatar aokmanga 100 days ago in USD, AUD, Technical made popular 100 days ago

Hi! Finally the market gave us a good trade to jump in. As you can see we had a breakout of the previous resistance at 1.0750. The next day price formed an inside day so we can jump in the long trade at the breakout of the mother candle. The price has no resistance until 1.10. My Take Profit is at 1.1070 but we will start look at the price........
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