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motleifaul
Dec 9, 2015 5:34 PM

Overextended Short

British Pound/Australian DollarFXCM

Description

I think that the trial to establish a new uptrend has overextended now as the run is to steep.

Trade closed: target reached

I am taking a first little profit now to get some reserve to avoid possible later losses.

Trade active

Trade closed: target reached

I am closing the deal taking the remaining profit. The market doesn't look to much convincing now.
I will rather wait for a clearer signal.
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