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Murodjon
Jan 7, 2019 6:53 PM

Third touch selling Short

New Zealand Dollar/U.S. DollarFXCM

Description

Third touch selling position
Rejection at 0.618 level + 100MA touch
Selling here we can aim at least 1/3RR
Stop: 0.67823 (Why so tight? - If breaks up, plan will be cancelled - no need to hold)
Comments
FlyzoneTrader
Agreed with your view.

Based on the current market, the price is squeezing into a triangle form. Usually there will be big move/breakout coming soon. Personally, I do not take big target, aim for 0.66879 first.

SpiNifiX
thx dear
Murodjon
@pasinduchamod, U r welcome
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