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SeanC95
May 8, 2016 10:33 PM

FUTURE EUR/GBP SHORT POSITION? Short

EURO / BRITISH POUNDICE

Description

PROS
- Retest of strong support on monthly
- Stoch RSI showing overbought on both monthly and daily
- Slight bearish MACD divergence on daily chart
- Head and shoulders pattern forming on both weekly and daily

Waiting to break neckline at roughly 0.77500 before entering short.

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