mcpeacocks
Short

Short EG at resistance

FX:EURGBP   Euro / British Pound
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34 0
after being stopped out on the previous set-up, it seems EG is now hitting some resistance.
on larger timeframes it still is in a downtrend and In combination with the risigin wedge on the 1-2hr chart and it being signifcantly oversold for a period of time, I will go short as soon as the wedge is broken. target retracements of the last major swing up.

comments appreciated.

GL
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