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mjadid
Jan 26, 2017 3:10 PM

AUDCAD Long 4 hours Long

Australian Dollar/Canadian DollarFXCM

Description

We can see that the price is in the support area around 0.98660, if the buyers could take the control again and reach the break the high of the last 4 hours sideway, then the price should continue going up.

Also RSI around Oversold area

First target around 0.99710
Second target around 1.00413

SL under the low of the last 4 hours side way around 0.98548

Comment

First target reached, close half of the position, move stop loss to the entry level for the rest of the position.

Trade closed: target reached

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