EUR/GBP 23.02.2017
Time frame D1
Longterm uptrend, higher bottoms. The price corrected to horizontal support and made fake break of EMA 200 and FiBo 50.0.
Price action signal : Pin bar at levels of EMA 200 and FiBo 50.0
Technical indicator:
CCI(50) - Unsuccessful break of level -100 and turning north - positive signal
DeM(14) - In zone of oversold - if turn around and break level 0.3 the positive scenario will be confirmed.
SL: 0.8350
Alternative scenario: If the price breaks below EMA 200 and the horizontal support and make lower bottom, the positive scenario will be dismissed.
Trader_B_Arabadzhiev
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