EUR/GBP:
Date: August 1, 2016
H4 Graph: Long Trend
After the price moved up to 0,86300, made a correction down to Fib 38,2 and a horizontal support at a level of 0,8300. After that price fell into a consolidation with formation of - Triagle - but now the price came out of it and moved up. Came back to test the break.
Alternative scenario: if the price moves down and below the FIB 23,6% and below the break out of the triangle will cancel the Bullish view.
Technical Indicator:
DEM (14) - Still not in the overbought zone
Price for Entry long around: 0,84300
SL: 0.83800
Jr. Trader - S. Fuchedzhiev
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