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Daily Forex Chart Art - Nov. 12, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/GBP: 4-hour We’re going back to the basics on this one! EUR/GBP is forming what looks like a morning star on its 4-hour time frame and, if you’ve read the first parts of the School of Pipsology, you’ll know that it usually signals reversal in the charts. What makes this setup sweeter is that the pattern popped up around a previous support area and .7050 minor psychological handle right around the time when a divergence also showed up. Neat, huh? A long trade with a stop below the previous

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