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EvanJones
Mar 7, 2017 9:06 AM

Await for a close below the Fib Line Short

CopperFXCM

Description

Copper as seen has been on an aggressive rally and is largely correlated with the AUDUSD. If a break below the Fib along with the already broken trend line then expect a nice retracement to approx half the movement upwards, e.g. the 50% fib area which coincidences with the yearly pivot.
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