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PawnMeNot
Jan 14, 2018 11:55 AM

Short EUR/GBP Short

FX:EURGBP1D
Euro Fx/British PoundFXCM

Description

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Daily:
Price broke below 100 EMA and seems to be transitioning downward
Price is at the downward channel resistance line and horizontal resistance line of 0.8900 area.

4H:
Triple top pattern and a bearish candles in 0.8900 region.

Position: Long
Entry: 0.8885
Stop Loss: 0.8935
Target: 0.8785
Risk:Reward = 1:2

Trade closed: target reached

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Trend AnalysisChart Patterns
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