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motleifaul
Oct 4, 2022 5:13 PM

Downward Channel Short

Euro Fx/U.S. DollarFXCM

Description

We have reached once again the top of the downward channel. Due to the dwindling momentum I expect a downward correction at least.

Comment

The level is a resistance not only due to the downward channel(s) but also as there is the July low that was a support in August and September before broken at the end of September.

Trade closed: target reached

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