OANDA:EURGBP   Euro / British Pound
28 0
Last few months price has tried to break past the 0.9000 monthly level with hedge rejections. EMA as lagging.

EMA are pointing to the down side, with a 3 pin formation above the EMAs which we then saw the price drop back down to the Weekly 0.78500. Bearish in engulfing 2 weeks ago.

EMA are pointing downwards. Another 3 pin formation has form while rejecting the EMA resistance. Also formed a bearish engulfing . If we are able to close below the Weekly 0.87500 today then we can potentially expect further movement in this direction.

EMA’s have crossed back to the downside, with a shooting star forming at the preferred fib level. 2 different CTL’s has been broken.
Trade closed: stop reached: Stop Loss hit
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