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TeamRehgal
Aug 28, 2014 1:41 PM

Loonie Analysis/Opportunities Short to Long Short

U.S. Dollar/Canadian DollarFXCM

Description

Double top formed and the pair retreated.
Bearish Divergence on RSI (further to fall possible)
1H chart currently showing confluence with 20ema

Sell entry 1 = 1.0860/70 strength
Sell entry 2 = Break of low 1.0826

Target 1 = 1.080
Target 2 = 1.0763

Looking to buy around same area for move back up to 1.10786
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