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motleifaul
Sep 24, 2015 4:40 PM

Divergence Short

U.S. Dollar/Canadian DollarFXCM

Description

We have touched the rising resistance line and even ocercome it. But now the rate is declining. This agrees to the VI divergence pointing to an exhausting rise.
Comments
motleifaul
I think that this was a wrong decision. The USD is holding well above the pronk that should have been the resistance. That's why I am closing the position now, to avoid a real loss as the real danger exists that we will see a further rise up to the next pronk.
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