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ThulaniMtetwa
Apr 9, 2020 3:47 PM

EURUSD: Channel Short

Euro Fx/U.S. DollarFXCM

Description

IDENTIFY: Price is in the seller's territory and the potential ascending channel is at play.

PLAN: So looking at going short, because of the daily bias.

TRADE: Place Sell limit order, anticipating a move to the downside.

NB: Use risk management to determine the Stop Loss and Take Profit
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