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Hello traders just some notes as we see oil going for the 45.00$ p/B. The markets look they are returning to the trend as the U.S. finally had a green day this week . OK so today I am looking at the AUDUSD 120 Minute chart and it is clear that this pair is a bearish trend on this chart. This was a very nice move over the last day or so. I am bearish bias and just looking for the sell trade. I have placed the Fibonacci tool on the chart and I like the 23.6 level for a pullback and we can look to sell this pair.I would be looking to take profit at the support and psychological level of 0.7500. I have to say also a good place to look for the buy trade if you wanted to counter trend this up…

Thank you traders and we will talk soon….William

FX Instructor Forex Blog – For Traders, By Traders

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