Wednesday, March 19, 2014

4 Reasons for selling EurGbp tomorrow

Check this pair out and see four reasons one might consider to sell this pair

1. Successful bearish butterfly pattern formed

2. Pattern confirmed by a bearish candlestick ( provided it's maintained till the end of today's candle

3. Pattern and bearish candle formed at a strong resistance level ( 1.8390)

4. Momentum indicator at overbought region.......

If today's candle engulfs yesterday's candle..I will definitely open a sell order 

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