FX:AUDCAD   Australian Dollar/Canadian Dollar
138 8 2
good luck
Entry? Stop? Targets?
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Ice_ mustard
Always place stop on the fibonacci levels that break the pattern, something you can guide yourself and at the same time confirm the market direction.
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Where do you see the Fibonacci level that breaks the pattern here Gruber?
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Ice_ Loonietrader
0.96400
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I set my short stop at 0.965. Where do you see this long rallie reversing?
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Ice_ Loonietrader
To be honest it's an unusual move. Both Price Oscillator and MACD rarely see this kind of movement, so I'd expect to drop soon. But I can't guarantee, it may happen what happened on the USDJPY. So keep your stop losses tight and wait for confirmation, because it'll be a big drop.
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when u c the opportunity to short, pls remember to share ur idea with us
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I'm seeing a bearish divergence in the RSI and Stockastic in the 4hr chart. Possible reversal going on.
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