USD/CAD 1.3439

This was very strong long level and I was very surprised that there was almost no reaction to it. I took a loss there. I thought that very strong sellers were present there because there was almost no reaction to this level. For this reason I decided to enter a reverse position. I entered this reverse position (short) when price came back exactly to the same level (1.3439).  This way I was able to get my money back. Sometimes tricks like theses can save your day.

*I wrote about my intention of this reverse trade in my forex factory thread. Unfortunately I didn’t have enough time to post also on facebook or at my page. I am happy that at least some of my friends from my forex factory thread took this reverse position with me.

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