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D-EG

EG (27/11/2020) breakout symmetrical triangleOn H4 chart, EG has breakout triangle pattern and next TP is around 0.6. The price is currently testing Resistance 0.535 with Support 0.485. A better entry would be at 0.545 after price breakout the resistance zone with TP 0.6, and 0.625 (RRR 1:1.3) EP 0.545 TP 0.6 / 0.625 SL 0.485 (RRR 1:1.3) MACD is crossing on H4 chart, signaling a breakout with RSI @ 65 to indicate momentum. EG is quite a small stock with small balance float (46% of 338M shares) compared to its competitor SCOPE (34% of 769M shares). This adds more speed factor to price action of this stock. TAYOR
ELong
by sothye
EURGBP ShortPotential head and shoulders pattern forming along with a potential short term cypher. Predicted movement shown on chart. Observe to see what happens in the 0.895 area to see if it completes a cypher with 0.5 fib level TP1. If price rejects this level it could also be completing the right shoulder of a head and shoulder pattern. I would look for a short position with a TP1 at the neckline of the H&S as price could bounce again from here. On the other hand it could break the neckline and begin a bearish run. Bearish divergence on the 4hr right shoulder, followed by strong rejection from the 0.908 price level. COT data is not clear so not taken into account much for this idea. Both currencies are short bias on leveraged accounts.
Short
by JBCapitalFX
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