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simontien
Aug 23, 2014 1:19 PM

Waiting for an extra signal to short Short

U.S. Dollar/Japanese YenFXCM

Description

Fibonacci extension of recent swings high match well with previous structure. Looking at the last candle of daily chart, price was rejected below that structure.
On the other hand, zooming into 1h chart, price broken last structure high.
That's why I'll wait for a possible double top on the hourly chart to get in this trade.
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