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MrVolcano
Jan 19, 2017 1:50 AM

EURPLN - Nice 4hr pinbar, but getting close to fib level Short

EUR/PLNOANDA

Description

I took this trade after Tom's failed signal to go long EURPLN. It's been a slow burner and the margin's are high, making profit difficult.

We're getting close to a fib 61.8% retracement level at which point I think it's likely that this pair will turn around and go long. It does look like bears are getting weak.

Daily Chart

Trade active

Not so sure that this trade can hit the target. I'll probably close out early.

Trade closed manually

Decided to close out as the trade was moving slow and seemed unlikely to succeed at this point.

Comment

6 days in, If I'd left well alone, this trade would still be going.
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