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TRDVMA
Mar 17, 2016 2:27 PM

Opportunity GBPCAD? 

British Pound/Canadian DollarFXCM

Description

1-At Fibonacci 0.618
2-Resting on weekly strong Support zone
3- A Japanese Candlestick hammer formation on weekly bar
4- A complete 1-5 wave count from the peak.

Caution: The channel line (blue) strongly pierced down. I would recommend more signs before entering long this pair. Watch this pair closely in the following days and weeks.
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