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tsukiyo92
Aug 23, 2020 3:59 AM

Continuation of Head & Shoulder Short

Australian Dollar/Canadian DollarFXCM

Description

1. Previous 2 lower peak (point B & D) are of 61.8% retracement
2. Yellow area (point E) are formed by coincide of several fibo
3. Green area (point G) are formed by coincide of several fibo, it is also 38.2% of previous low of big movement (weekly chart)

It could go further down, but green area is the best point to stop as it could go up again after rest ( 38.2% retracement ).

Please setup your trade carefully using 1-2% of your capital, its better to earn safely and steadily.
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