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mcpeacocks
Mar 26, 2015 7:38 AM

Short EG at resistance Short

Euro Fx/British PoundFXCM

Description

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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