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XperiaForex

GBPCAD H4, Short Position

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
XperiaForex  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns
3
3
trendanalysis chartpattern
Orange line indicates a level of resistance. After putting the FIB onto the resistance high and the low of the first retracement. We can see that we are at our last potential level for a reaction which is also now resistance. Entering from this 100% level has worked very well for me in the past.

Red line indicates sniper SL which has been decided on a 15m timeframe.

-27.0% extension on the FIB will be out TP.

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