Dólar Australiano/Dólar Americano
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AUDUSD long position off of support

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AUDUSD has been in a range after consolidating following a sharp move higher on the daily chart. Look for price to pierce below the range then strongly revert back into the range. Take your long trade after a pullback from this sharp move back into the range. You want to trap the sellers into believing they can push the market below the range. Once they fail, their stops will be triggered and provide momentum back to the top of the range. Only buy after the market pulls back after piercing back into the range.

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