IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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AUD/USD: The Hairy Bull
A hairy bull. I’m not sure how to describe a bullish Aussie Dollar that has been rejected off the next level of higher time frame resistance, so lets just go with that! We’ve been watching this huge daily triangle for a few months now over on the @VantageFX Twitter account, and after AUD/USD bounced off weekly support, the top of this level has been a long time coming. Late in Friday’s trade, the first test of resistance came. Most probably too late for many of your to trade without a pending order in place, but the low risk setup is always the next re-test anyway. Now having come out of higher time frame ... (full story)
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