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Joined Sep 10, 2015
bias
cad-dollar
eurcad
euro
fibonacci
long
supplyzone
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PRICE IS APPROACHING A TRIPLE TOP FORMATION AT A MINOR MONTHLY SUPPLY LEVEL PRICE HAD MADE A NEW LOW FOLLOWED BY A LOWER HIGH, HOWEVER PRICE THEN FAILED TO MAKE A NEW LOW BRINGING PRICE BACK UP TO THE 0.618 FIB LEVEL. A CLOSE ABOVE 1.565 LEVEL FOR A CONTINUED MOVE TO THE UPSIDE WITH TARGET OF 1.623 WHICH IS ALIGNED WITH THE 0.764 FIB AS WELL AS 1.27 FIB...
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My overall bias of this pair remains to the upside. Price had formed a triple top formation at the Monthly Supply Zone and currently pulling back as expected. With the strong momentum of the previous monthly candlesticks I am looking for price to pull back to the Weekly Demand level of around 0.92000 and for the right price action set-up to get in long and take...
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