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FullTimeTrader
Mar 5, 2015 11:25 PM

EURGBP-W1 Gartley completed and other reasons to buy Long

Euro Fx/British PoundFXCM

Description

According to my previous analisis, the W1 gartley is complete....
tradingview.com/v/8YhFJFWp/
Doing more detailed analisis on W1 chart there are other technical reason to buy this pair.

Its true the EUR is weak but it is extremely oversold, we must expect a correction this days.
This trade is risky, but I prefer to enter as soon as posible to have a better R/R ratio
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Fundamental information:
The European Central Bank’s quantitative-easing program doesn’t get under way until Monday . The plan outlined by the central bank and detailed by ECB President Mario Draghi on Thursday will see the bank buying 60 billion euros ($66.3 billion) in mostly government bonds a month beginning on March 9 and running through September 2016

Good luck
Comments
manijeh.kazemi.33
thank you for analysistradingview.com/v/qgRcannt/
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