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Wednesday, 20 November 2013

EUR/GBP H4


General Overview for 20/11/2013:
It is possible for wave (ii) green to finish its downward wave progression in shape of  a ZigZag @ 0.8318. However any price below KEY ZONE  invalidates the count and makes wave 2 black bold even more complex and time consuming.

Support/Resistance:
0.8300 - Swing Low
0.8306 - WS1
0.8361 - 61%Fibo | Technical Resistance |
0.8384 - Weekly Pivot
0.8414 - Technical Resistance
0.8430 - WR1
0.8462 - Intraday High

Trading Recommeandations:
Longs should be in play from 0.8318 level with SL below 0.8300 with TP OPEN for now.

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