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ttafa
Oct 26, 2017 12:19 PM

EURCAD trendline retest? Long

Euro Fx/Canadian DollarFXCM

Description

There was a descending trendline breakout on 25/10/17 following BOC rate decision. I am looking for trendline re-test and hold for upside acceleration. Stop loss below 26/10/17 low. First target around 1.5270. Second target at trendline origin at 1.6097.

Comment

Support did not hold and that was a false breakout!
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