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RavingEagle
Mar 13, 2015 7:06 AM

Downtrend continuation - simple is good Short

Euro Fx/British PoundFXCM

Description

The EURGBP has been downtrending strongly and has presently paused.

Before a trend continuation or trend reversal, Price Action may consolidate for a shorter or longer period.

Overbought Stochastics may suggest that Price Action will continue its Bearish momentum.

Risk Reward just under 1 : 2
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