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AnilSunda
Dec 8, 2014 11:56 PM

Short trade at significant Weekly support/resistance Short

Euro Fx/U.S. DollarFXCM

Description

Retest of resistance is imminent now. Blind entry for short trade in place (sell limit order). Looking at 300+ pips of profit.
For those who are more cautious, a 4 Hour pin bar or engulfing bar at this resistance level would be a good signal to go short.

Risk 100 pips
Reward 300 pips
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