Trade Setup: EUR/GBP – 23 Sep 2016

22 Sep 2016
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23-sep-2016-eurgbp

Candle Stick Pattern: Shooting Star, Doji and then confirming by closing below at (1)
Confirmation:

  • Touched outer band of Bollinger Band at (1).
  • Stochastic overbought range at (2).
  • Retesting previous resistance at around 7th July high.

Signal: SELL
Entry Point: 0.8569
SL: 0.8633 (64 pips) (Highest high of the three candles)
TP: 0.8412 (157 pips) (Nearest support level at (3))

[UPDATE 1 – 23 Sep, 2016]

23-sep-2016-eurgbp-cont

Trade closed on stop loss.

 

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