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somanraj

Fibonacci retracement and Parallel channel break

Long
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
somanraj  
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Chart Patterns Parallel Channel Fibonacci
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chartpattern parallelchannel fibonacci
Price has completed 100% Fibonacci retracement. Price more likely to move up after consolidation in parallel channel. Take buy position once breakout or bottom price of channel with stop loss for long term.
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