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Omar_Little
Aug 29, 2015 10:12 AM

USDCAD 

U.S. Dollar/Canadian DollarFXCM

Description

If daily support broken, go short to TP1 (1) - previous break bar level.
If TP1 (1) surpassed, then go short again to other TP(2)s at .382, .50, and .618 retracement levels (unless these retracement levels drop below weekly support level) - once .382 reached, adjust SL for other trades.

However, circled candlestick could indicate the long term trend will continue to rise, especially since on daily support level. Do not trade long.
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