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EllaineEscueta
Jan 20, 2016 9:36 AM

Structure Trading opportunity (longer term) Short

Euro Fx/U.S. DollarFXCM

Description

EUR/USD if forming an ascending triangle formation. Often, this kind of formation continues to the downside. Risk is >100pips, but R:R is almost a 2:1. If you are not able to take >100pips, you can find another reason for entry on a lower TF (i.e. DT and Fibonacci) and use daily target as an extended target.
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