Wednesday, November 13, 2013

EURGBP 131114


 
Daily  EURGBP reversed at trendline channel support and formed a bearish dark cloud cover on the daily at rejecting price at 50% retracement.


On the H4, we see a 38.2 retracement form the most recent down move. A possible flag formation targets channel support again. Short here 20 pip stop.
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