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JakeSummers4x
Jan 26, 2016 9:33 PM

CTL break traded towards completion of D leg of ABCD Long

British Pound/U.S. DollarFXCM

Description

Simple break of Counter Trend Line with target at D leg completion (127% extension of AB).

I'll be looking to hold my position until the 127% extension and completion as market on the chart. At that point i'll be looking to enter a short to fade down to the 38.2% and 61.8% retracement levels.
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