forexcanada
Short

Favoring short even though Pair in an uptrend

FX:EURGBP   Euro / British Pound
219 0 0
The pair formed an engulfing bearish candlestick near 0.8095 resistance level . With price and stochastic failing to make new high this short term uptrend is in play and expect to resume the longer term downtrend. I want to see a break of that red line which almost coincide with the psychological level of 0.8000.

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