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FullTimeTrader

EURCAD-ending diagonal at 1.61 fib extension

Long
Euro / Canadian Dollar (FX:EURCAD)  
FullTimeTrader  
FX:EURCAD   Euro / Canadian Dollar
11
5
Nice confluence of and ending diagonal at the 1.61 fib extension.
This pair is extremely oversold and needs some correction. This is a countertrend trade not suitable for all traders.
BE CAREFUL, tomorrow we have Draghi's speech, better consider this setup after the news.
Regards.

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