EUR/GBP:
Date: 27 September, 2016
H4 Graph: Long Trend
The price is going up in a visible price bullish channel. After the price reached the previous top at 0.87200, the price made a correction down to horizontal and diagonal support. Fibo 23,6% and 50 МА is above the 200 МА.
Alternative scenario: If the price breaks down below the horizontal and diagonal support this will cancel this scenario
Technical Indicator:
DEM (14) - In the middle of the range pointing down, but indicators follow price and not the opposite
Price for Entry long around: 0,86150
SL: 0.85750
Jr. Trader - S. Fuchedzhiev
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