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7pasos
Feb 14, 2013 9:56 AM

From tweezer tops to double top CAD Short

U.S. Dollar/Canadian DollarFXCM

Description

2 days ago the price formed a reversal candle pattern named tweezer tops in a resistance zone
The down movement started slow but is possible to continue down, so I suggest to sell If the pullback, perhaps because the 1.0006 phantom support, get back the price to a zone where
the risk reward shows more atractive (almost 2 to 1) at 1.0037.
The first objective could be the 0.9947 support zone, take half of position there.
The remain position with SL at break even can be mainteined to 0.9835 support
Comments
7pasos
Ups the up side pressure seems a little bit stronger than desirable for just a pullback, if you yet have not opened a sell position I suggest you wait until a close below the 1.0037 be in place
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