AUDUSD Long

As we can see, the market broke the trend line with a double top indicating a change in price direction. Our analysis according to price action is that price with go up to take profit 1 where we have a major resistance before proceeding to take profit 2 and thereafter take profit 3. It is advisable to use a trailing stop loss when we reach a major resistance level.

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AUDUSDTrend Analysis

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