AUDUSD Forex Signal!

in forex •  4 months ago

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AUDUSD is retesting that previous support around 0.7361. Now we have already had a rejection on that resistance so we have a confirmation that we still have a strong downtrend on the monthly chart. Now I believe that we will retest that resistance giving us a great opportunity to place a good short entry for MAX profit. Now you could short now, but we might still have a reversal anytime soon. If we do go down to restest the yearly low, around 0.7167, we are going to see a 100-200 drop. Now that could entail a profit of about 400-500$.

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