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Proszi
May 5, 2020 7:26 PM

Potential Trend Change Long

Euro Fx/Australian DollarFXCM

Description

After 1.5 days of trending downwards within our parallel channel, we finally start to see the price slow down near our 0.618 Fibonacci retracement level where we might consider opening a long position. My bullish bias will be confirmed if we manage to finally see a solid break and close above our channel as seen on the chart.

Manually executed long with a 60 PIP stop loss and a solid 1:3 RR ratio until TP.

This is NOT a financial advice, trade at your own risk.

Trade active

Looking good, trade currently running at breakeven!
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