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Ambipath
Apr 30, 2016 10:54 PM

EURGBP Conservative Long Before Plunging Down Long

Euro Fx/British PoundFXCM

Description

FX:EURGBP

This pair is displaying some bearish divergences on multiple indicators suggesting a potential head and shoulders formation on the daily chart. Multiple indicators on daily hit the bottom and reversed up so the immediate move will be upwards to form the right shoulder. Take profit is placed right near the previously respected S/R level although the price may potentially move higher than that. After that the price is expected to make a strong move down to make a lower low.

Trade closed: target reached

Trade complete!
Comments
Ambipath


Potential for a future idea.
Ambipath
Looks like this came true too so I am going to trade it.
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