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Title
AUDUSD, H4 | Potential Drop to Previous overlap support
Type
Bearish Drop
Preference:
Looking at the H4 chart, my overall bias for AUDUSD is bearish as the current price is below the Ichimoku Cloud, Looking for a pullback sell enter at 0.68353 where the overlap resistance is. we are looking to take profit at 0.66440 where the overlap support and 50% Fibonacci line are.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.