Elogos

2014/05/12 (Monday) Price Action

FX:GBPUSD   British Pound / U.S. Dollar
29 0 0
Consolidation has led to an inside bar close inside the 8-21 EMA area.

With trend still maintaining upward this isn't a good signal for a continuation down.
==============================================================

Will be looking for more price action, perhaps a deep false break below the 21 EMA and perhaps to support which we may see because of the Weekly pin bar at a significant resistance area for a potential long entry mid to late this week.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out