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motleifaul
Jul 22, 2015 7:09 PM

Retracement done Short

Euro Fx/British PoundFXCM

Description

The past downmove was to long than beeing a correction only. I suppose that -vice versa- it shows the end of the upward correction, that begun on July 19th and ended July 21st.
Consequently, we will now, that the downmove itself has been corrected, see the continuation of the bigger downmove that has begun July 10th.
Comments
motleifaul
I am closing this deal with loss. The price was not able to correct down after the recent rise. That#s why I cannot exclude a further rise despite the near of the falling pronk.
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