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Daily Forex Chart Art - Nov. 9, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP/AUD: 4-hour Thanks to last week’s moves, GBP/AUD had broken a rising channel pattern that had been holding since mid-October. What’s interesting to note is that the channel’s previous support is currently serving as resistance for the pair. Of course, it also doesn’t hurt that Stochastic is chillin’ like a villain on the overbought territory. A short at market prices with a stop above the SMAs could get you decent pips if you aim for the previous lows while a buy order with a stop below

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