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Hello traders good to be back with you as we start a new trading week and also the end of month and quarter. This could be very exciting as traders this week. OK so I picked the AUSUSD for our currency pair to do an analysis on as I was looking for a pair that really had no impact with Brexit. So my bias is bearish and all I want to do is sell this pair. As we look at this chart we can see I am looking for a strong aggressive pullback to the price level and resistance of 0.7520. The issue is that we have to get above the 200 ema that is the green line on the chart. When this meets our price I am looking for a bearish pattern with conformation from maybe a lower time frame. I will then enter my sell trade. I am looking to take profit at the price level and support at 0.73.22 zone.

Thank you traders and hope to talk with you very soon…….William

FX Instructor Forex Blog – For Traders, By Traders

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