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MoneyB0X
Mar 31, 2018 1:11 PM

CADCHF Short

Canadian Dollar/Swiss FrancFXCM

Description

Price has reached a strong psychological level of resistance and couldn't break it. A harmonic Butterfly pattern has been completed at that zone of resistance and price has began a reversal from D. Preparing for a break below the 200 EMA with a possible swing trade SHORT to exit on lowest trend line where price is likely to find support. A LONG swing position is expected there after to retest the resistance zone again possibly breaking it.
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