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Feb 11, 2016 11:04 PM

EUR/GBP - D1 Short setup Short

Euro Fx/British PoundFXCM

Description

On W1 chart, bearish Bat pattern (yellow) looks complete and bearish divergence is present. (Price still on PRZ box, and no reversal bar pattern yet).

On D1 chart, bear divergence is present too and a bullish ABCD pattern emerges. Price is pressuring channel resistance, so a downtrend may be ahead. (Waiting for reversal bar pattern, below 0.7900)

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