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vj20_fx
Jul 8, 2017 8:57 PM

4th Rejection Short

Euro Fx/British PoundFXCM

Description

A fourth rejection of the zone for this pair as it is overbought once again. Price is due to head back to normality this week dropping to 0.87600. Price did try to head back past the zone within last Fridays price action however failed to break support. It is now testing the zone again. I am waiting for price to break my counter-trend and support zone for confluence of strong movement to the downside.
Comments
JoeMatkinFX
hi how do you know it will go down?
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