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EUR/GBP is ready to drop!


22 September 2016

A bullish trap has formed on the daily chart and the currency pair approached it with a shooting star formation. The first chance you get to sell the pair at the currency price (0.8600) is:

The second option is to sell this pair away from the 4-hour engulfing using a pending order:

Sell Limit 0.8615, Stop Loss 0.8655, Take Profit 0.8450.

USD/JPY

As for Japanese Yen, the rate is approaching a resistance zone located in between 100.00 and 98.90. Let’s buy the pair at the forming of a reversal candlestick pattern such as the hammer and engulfing:

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