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umeh_barry
Feb 11, 2018 9:42 AM

Approching critical reversal region and bullish bat pattern. Long

Euro Fx/U.S. DollarFXCM

Description

A critical support at 1.21998 which was previous resistance is being approached. A bullish bat pattern at this point also gives confidence of a potential long position. The bollinger band also shows that price is in oversold conditions. These three confirmations gives me the confidence of a bullish pattern. Tp can be expected at 1.25235.

Comment

Great move guys. Take profits and modify stop loss to solidify profits. Would give more updates later

Trade closed: target reached

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