EUR / GBP: 4 hour chart - choppy
Price below horizontal resistance
Price Action: Pin Bar and false breakout of resistance - a negative signal
Possible formation figure "Head and shoulders"
indicators:
50 / 200MA: do not give clear signals in choppy
CCI (50): Rotates from zone of overbought - probably fall
DEM: Rotates from over-bought market - a negative signal
SL: 0,87883
Alternative scenario: If the price crosses above the resistance is likely to break the negative formation
Jr_Trader_I_Ivanov
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