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May 1, 2017 1:29 AM

Short GBPCAD key Fibo level and RSI confluence Short

British Pound/Canadian DollarFXCM

Description

Price has hit a key 423.6 resistant Fibo level which I believe will push lower to the horizontal resistance turn support at the level 1.75294. RSI is trending lower at a high overbought level and along with Stock trending down. Price may be pressured downwards to the key horizontal level. Confirmation on H4 shows downward pressure.
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