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Top Trade Idea for August 2nd, 2013 – AUD/USD
AUDUSD Correcting Rookie Errors Experienced traders sometimes fall for rookie errors – I did it myself this week. Seduced by a sideways trading range and an oversold RSI on a four hour AUD/USD chart, I bought near the bottom of the range. The error was in ignoring the higher timeframe charts, showing a clear downtrend. [...]
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