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Jan 12, 2016 7:46 PM

EURCAD Pattern and divergences - Short. Short

Euro Fx/Canadian DollarFXCM

Description

Eurcad is showing a interesting pattern, supported by divergences.
I will set a sell order at .5300, If this pattern does break to the upside, this will be invalid, and the order will be canceled.

Order cancelled

This is the importance of setting stops in places where your idea is confirmed, you may miss some movement, but avoid taking trades like this.
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