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murdrae
Feb 11, 2016 5:24 AM

EURUSD Retracement - Short Short

Euro Fx/U.S. DollarFXCM

Description

Short retracement on the daily.
Even though the ichimoku trend is bullish - there is a chance it will retrace the last impulse leg before it goes back up. If you're looking to go long, wait for the retracement before going long.

Comment

PRZ likely to be around 1.12736. So to be safe, do not enter trade till price crosses down 1.12736.

Trade closed manually

Comments
inkskids
Nice call! Looks like your stop was too tight though
murdrae
Though over all bullish - there is a chance it will retrace the last impulse leg before it goes back up
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