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dhoover
Apr 1, 2014 10:25 PM

Reversal? Long

Euro Fx/Australian DollarFXCM

Description

Stochastics cross as price action turns around. 23.6% fib level meets resistance at 1.50283 that's where I place my first target. SL set at 1.48017, low end of the wick of previous bullish candle.

Be cautious: A similar trade setup failed in early February.

Renko:
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