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Coleman: AUDUSD at 14 week highs
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Ian Coleman is trading AUDUSD
after bullish action saw the pair at its highest level in 14 weeks.
Over-bought extremes have formed a Doji style candle at the high on the daily chart and Ian now expects a bearish head and shoulders on the intraday chart.
His strategy is to sell into gains - the right shoulder of the pattern.
Sell: at 0.8022
Stop: 0.8052
Targets: 0.7905 0.7880