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JigneshDavda
Sep 15, 2015 5:47 PM

Scalping the Bear Flag - Short Setup Short

Euro Fx/British PoundFXCM

Description

The Daily outlook on EURGBP may show some bullish momentum, but we are still within a bear flag pattern while the upper side of the channel remains intact.


Short setup from B wave highs at 7350 - also 76.4% Fib of wave (B) to wave A
Targets at resistance turned support 0.7168
Comments
JigneshDavda
CORRECTION : As the previous leg was bullish, this would be a presumed BULL Flag, Not a Bear flag. My Apologies.
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