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aud chart at resistance. Looking for a drop back into 1.06's

Peter
 

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Heres gj chart. A straight resistance line, worth a shot,small measures
 

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looks like i shouldnt have bothered,but the line looks right. I even more so like chf/jpy as a short but am in this one now. Chf jpy has a similar pattern and is right on the line I sold of yesterday lets see
 
short audusd 1.0694 stop 1.0707 - Just over last hour's high
Target 1.0670
 

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If I can close this trade at profit I'll look to enter a long trade around the LOD @ 1.0630, probably for overnight. We'll see how it plays out.

Peter
 
Forgot to look at tonight's data coming out before entering trade :eek:
AUD new motor vehicle sales out in 20 minutes. Not normally a real market mover so I'm not expecting much.

Peter
 
I feel the need to post that last trade, just as an example of what NOT to do:



Get that, kids? It's the other way 'round.
 
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