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SmartTradingFX
Aug 12, 2015 11:43 AM

EURGBP: Potential Structure Based Short Opportunity Short

Euro Fx/British PoundFXCM

Description

Analysis on chart!

Price into previous structure zone where Harmonic Legs complete, 2x 1.414 Fib Extensions, 1x Fib Inversion, Overbought on the RSI 1H and pressing Overbought on the RSI 4H...

A long wicked candle to the upside maybe suggesting selling pressure in this zone...

Two potential targets offer a good Risk Reward Ratio...

Any likes, comments and or constructive feedback are welcome as always your support means alot!

SMART TRADING
Comments
Mikoxl.
Good catch :-)
SmartTradingFX
Thank you sir! Glad you liked it
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