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GcNaif
Nov 23, 2015 4:09 AM

Short based on Clones and Potential Bullish Bat  Short

New Zealand Dollar/U.S. DollarFXCM

Description

This short is based on Clone and also to catch the c d leg of Potential bullish bat .The current resistance based on Clones is 0.659 and next immediate target based on Clones is 0.6457. I will watch the price action at 0.645x area to decide on trade whether to go for the 0.63 area take profit.

Stop loss and Entry on Chart

Trade closed: stop reached

Comments
BgrtRtr
what will be your argument for a short at a bounce of the 0.618 ?
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