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Aqua_Trader
Aug 8, 2017 6:13 PM

EURCAD 5-3 WAVE PATTERN - ENTERING ON THE PULLBACK Short

Euro Fx/Canadian DollarFXCM

Description

Reason for short:
1) Minor Upper Trendline broken with one strong bush so (bias is still bullish but there is a small counter trend opportunity - therefore a tight stop loss since this trade carries high level of risk)
2) Pair was unable to push through a major level of structure and immediately later the trendline was broken

Target is set for 2 levels of confluence

Trade safe and do your own due diligence before entering a trade.


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Trade closed: stop reached

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