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Audshort

AUDCAD / 4H / WEDGEWait for a break and close below the wedge to enter. Watch price action closely when we hit the lower support fractal as it's a strong weekly level. Depending on the price action you can consider closing 50% of your trade and moving your SL to BE or taking all of your profits - it depends on your trading style. The risk to reward on this trade is very good so we'll be watching this pair closely next week to see if we get a clean break! Happy trading.
Short
by MeetMattL1
AUD/USD SELL - 06/10/2017The pair has finally come out from the consolidation and now is trading below this range. The move was pretty abrupt and was supported by increased volume. Also we need to point out the level of resistance 0.7811, where large volume is concentrated. Given the facts above, we should open short positions after a smooth upward correction to obtain a better price for enter. A stop loss should be placed above the resistance. A potential of the deal is 60-70 pips. The bottom line: short positions are in priority.
Short
by trustbrokergroup