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EURCAD: Potential Head and Shoulders top in the making
As we approach the end of the trading week EURCAD may provide a short opportunity. On one hand 1.401 support has been tested several times so we could in fact be witnessing a bottom pattern in the making. On the other hand if this level does break, we can expect more downside and would also confirm a Head and Shoulders Top during a downtrend from the March 2014 highs. If you are to trade the H&S downside break then we can either set up a sell-stop below the neckline with a stop above in a 'set and forget' fashion. There may however also be an opportunity to trade on D1 before getting to the neckline. Yesterday ... (full story)
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- Edited 11:36pm Nov 20, 2014 11:24pm | Edited 11:36pm
- Paineboy
- | Joined May 2011 | Status: Member | 19 Comments
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- Nov 21, 2014 12:13am Nov 21, 2014 12:13am
- Matts Micro
- Joined Aug 2011 | Status: Member | 93 Comments | Online Now
As the lights go by so too do the shadows move
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- Nov 21, 2014 12:32am Nov 21, 2014 12:32am
- ThinkForex_MS
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- Nov 21, 2014 12:56am Nov 21, 2014 12:56am
- Matts Micro
- Joined Aug 2011 | Status: Member | 93 Comments | Online Now
As the lights go by so too do the shadows move
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- Nov 21, 2014 8:32am Nov 21, 2014 8:32am
- ThinkForex_MS
- | Commercial Member | Joined May 2010 | 21 Comments
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- Nov 21, 2014 4:53pm Nov 21, 2014 4:53pm
- Paineboy
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- ThinkForex_MS
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- Nov 24, 2014 8:41pm Nov 24, 2014 8:41pm
- ThinkForex_MS
- | Commercial Member | Joined May 2010 | 21 Comments