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HoldOn
Dec 15, 2014 9:52 AM

EURGBP Trading Idea (short term) Short

Euro Fx/British PoundFXCM

Description

This pair was ranging from October with ascending triangle. At the end, price may go up or down. However this still too early to judge.
From 19 Nov, price was down from major resistance 0.83 to ascending support level and retract to level 50% of Fibonacci.
Since the price unable to break 50%, I suggest the price will down again to the ascending support level before it go up to major resistance at 0.803
Comments
HoldOn
The price seem not move as what I predicted.
This setup was fail.
Wish can do better next time. Cheers~
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