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Tuesday, 27 November 2012

AUD/USD H4 Update + Trade Plan Idea

Rationale:
Wave 5 has not yet been finished. Looking to buy into dips of wave 4, as close as possible to Weekly Pivot, 50% and 61% Fibo Ret and former support level.

Entry @ 1.0425 and 1.0404
TP: 1.0500
SL: 1.0399
R/R: about 3:1


Take care,
Seb



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