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since Sep 13, 2016
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- Price is currently sitting on my D Level of support - Inverted hammer pattern sitting on S - I have Intraday Target levels for TP levels. - Being aware of RBA Monetary Policy Statement (HIGH IMPACT NEWS) on 08/02/19
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By looking at the M TF i can see that the sentiment is indicating that this market is overbought, nevertheless i can also see on the 8 TF that LH and LL are being formed which suggests that this market has a chance of going lower. My target for this trade would be 76.000 to the next support area.
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GBPCAD, Short on the 8TF. Trade took on the small indecision candle off the trend line bounce. Looking for a 2:1 Trade on this currency to the next support level
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