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Technician
Jun 26, 2015 1:31 AM

(J) Trade 12: Short within Sideways Range #Forex Short

Canadian Dollar/Swiss FrancFXCM

Description

Update 2: Closed All position at 0.7585 ahead of weekend.
Profit= 0
Current Balance = $30 591.5

Update: Trade is active
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Trade 12: Pending Short CADCHF @0.7590
S.L @ 0.7630
T1 0.7525
T2 0.7465

For $29,211 Balance, Position size = 1.5 lot ~ 2% risk of capital

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Reasoning
  • Sideways range top
  • Overbough and Bearish divergence on RSI
  • Pin bars at resistance area
  • Descending resistance


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Technician
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Comments
Technician
Update: Closed All position at 0.7585 ahead of weekend, as Carney will talk on Sunday.
TimBrent
bad luck.. it looked good @ the beginning.. thought we could have big profit on this trade. lets head up to the next trade next week! :D good luck with your analyses technician
Technician
Correction: Poloz will talk
Burj
I am in !
Thankyou soo much
I have +10 pip already
Technician
My self, I haven't decided to change anything yet for this trade, so its still active and stop loss remains the same. I would update with any change i Make.
TimBrent
Same toughts ;)
TahirAli
Same here.
ValeriuV
Once a pro , always a pro...
Roncriss
Thanks Technician,Am learning a lot from this Journey
Gekko.uk
Fundamentals state that this isn't such a great idea
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