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7th April EURUSD - Short

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    As indicated in last week's Weekly Chart Analysis the pair is within the major resistance zone, bears could look for the short reversal setup from the current levels. My preference would be to look at the stochastic oscillator on daily charts and seek a daily engulfing candle. Please read Stochastic Oscillator guide to maximize your understanding of this indicator Daily stochastics shows overbought levels and the last daily candle looks like a good beginning of the reversal pattern. The

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