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lluiszardoya
May 9, 2016 2:10 PM

Long positions on USDCAD using fibonacci retracements. Long

U.S. Dollar/Canadian DollarFXCM

Description

In this image we can observe the impulse the chart is having on 4h. Now just touching the -27 retracement we are waiting for the chart to move down a bit to enter a long position aming for 1.3143 level.

Trade closed: target reached

We ALMOST got our stop loss hit. But we then saw an insane rally to the upside reaching our target.
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