Thursday, 14 February 2013
EUR/CAD Analysis
This trade is setup where the trend looks to have turned down
Two bearish pinbar candles have formed on the daily timeframe
Rejection of the 13492 area, previous swing area
61.8% retrace of 1st Feb high
Only concern is 21ema held
Order to go short on 38.2 retrace of previous days candle
STOP: 13575
ENTRY: 13496
LIMIT: 13259
RISK/REWARD: 3/1
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