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umeh_barry

CONSOLIDATION SET TO CONTINUE? TAKE SHORT-TERM ADVANTAGE

Short
Euro / British Pound (FX:EURGBP)  
umeh_barry Updated   
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
A lower candle just formed after hitting the resistance line of the consolidation confirming that it is set to continue. Short positions can be opened after a pull back on the hourly. Target is most likely to 0.86250 level.
Comment:
Pull back went further than expected so no trade positions could be entered.
Order cancelled
Comment:
Strong consolidation continued as predicted. Cancelled the order earlier due to no pullbacks. Great move if you kept up with the move though.
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