USD/CAD
Date: 17 October, 2016
H4 Graph: Long Trend
The price made a correction down to Fib 38,2% and horizontal support at 1,31350 and stated going up again. The diagonal support also supported the price
Price Action: Pin Bar on a level of strong support - Signal for long
Alternative scenario: If the price breaks down below the diagonal support and below the the Pin bar, this will cancel the the bullish view.
Technical Indicator:
DEM (14) - In the oversod zone and turned up for long
Price for Entry Long around: 1.31500
SL: 1.30900
Jr. Trader - S. Fuchedzhiev
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