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tmpascoe
Oct 14, 2019 11:42 AM

AUDCAD short setting up Short

Australian Dollar/Canadian DollarFXCM

Description

Daily is trending down with plenty of room to next level of support & the 4hr timeframe is showing strong bearish momentum.
Wait for a pullback into the 50% retracement level and then a momentum candle back in the direction of the trend before entering the trade.
TP at the 1.618 Fib level.
Good Luck!
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