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Monday, October 20, 2008

Fake break out - Double bottom

Good evening Dynamic Traders,

On Friday I mentioned there was some consolidation on the EURGBP, today we had a fake BOB which came down to the previous support and then bounced back up. Now we have a double bottom at the figure 0.7700. Also note the candle stick reversal on the daily chart. This is still on my watch list for potential long trade set ups.














EURGBP forex chart from Advanced Get














EURGBP forex chart from Advanced Get

Good trading.

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