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mendrinvest
Aug 12, 2014 7:39 AM

Short EURGBP and waiting for a Buy Opportunity 

Euro Fx/British PoundFXCM

Description

Shorted this pair due it being in a proprietary reversal area and also at some major resistance, the price broke above and stalled, it is possible that is a fakeout. The real major move I see is if we get a retrace to the .618 area that I show on the chart. Lets see what happens.
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