Jroge107

EURCAD: Overextended + Divergence

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FX:EURCAD   歐元 / 加元
Nothing fancy. Divergence coupled with a new low printed followed by a retest of the .786 fibonacci retracement. Stop is ATR + Spread above the high with TP1 being the pinbar (structure low) and TP2 being the 1.272 extension. Notice on the scaled out chart that we could be at the top of an ascending triangle, so greater potential downside exists.

-Trade Smart :D
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