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mobfx
Jan 29, 2019 7:47 PM

EURGBP Short Analysis  Short

Euro Fx/British PoundFXCM

Description

- Price to retest downtrend and break through purple monthly zone.
- Price to retest the same purple monthly zone as a resistance level
- Waiting for price action confirmation e.g. a bearish engulfing candle close on the 4hr TF, before entering short
- Price to make its way down to lower purple monthly zone.
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