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goforextrader
Aug 3, 2018 4:23 PM

Further downside is expected Short

Euro Fx/Japanese YenFXCM

Description

Price broke downside of the upwards channel.
Head and shoulder formation beautifully sits on the fib extension levels. As per H&S measured move I expect to reach price off 126.33

Entry would be at the test of H&S the neck line and stop would be 15pip above right shoulder. Therefore:

Entry 130.40
Stop loss: 131.20
Take Profit: 126.33

RR: 1.74
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