EUR/GBP
Date: July 13, 2016
H4 Graph: Long Trend
The price has made a correction down to horizontal support. Still the price kept its up trend exposure within the Bullish up channel. FIB between 23%- 38,2%
Price Action: Doji formation at a level of diagonal and horizontal support
Divergence of the technical indicator Demarker
Alternative scenario: If the price moves aggressively down below the diagonal and horizontal supports will cancel the bullish view
Technical Indicator
DEM (14) - In oversold zone. Divergence for long
Price for Entry long around: 0,8380 - 50% of the previous bullish bar in order to have a smaller SL
SL: 0.82800
Jr. Trader - S. Fuchedzhiev
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