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EURGBP pair still uptrend progress but pair make break high and break low and make new high at 0.8405 the new highest and make new low at 0.8335 I think pair success broke lower barrier level to make downtrend so better put sell limit around this new high to wait pair hit this level and change trend
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lower barrier level at 0.8340 had been broken by this pair but this pair looks fail to make movement below this barrier and slightly move up until make new high above higher barrier level at 0.8405 it mean pair still consolidation to break below one more to ensure that this pair really make strong bearish so better to put sell limit around new high
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this pair although broke below trend line level but still difficult to break below the lower barrier level at 0.8323 and pair still moved up but below trend line level it mean pair still bullish but wait reversal movement so better put pending order sell limit around upper barrier level at 0.8401
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this pair successfully broke first from two confirmation steps to ensure that this pair really make strong bearish, broke trend line but not yet broke under lower barrier level 0.8351 and now pair make small correction before continue bearish movement so better put sell stop under this level
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EURGBP made new low at 0.8312 as strong confirmation point that pair success broke green trend line and broke below lower barrier level 0.8351 and now this new low became critical point for this pair to make reversal after dropped down or continue bearish movement so better sell limit below this lower barrier level
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last night downtrend line had been broken by this pair after steady in lower level around 1.5670 for several hours and moved up sharply 130 pips up to 1.5816, and now pair ready to make small correction or retreat near previous level to continue bullish trend movement so better to put buy limit above the barier level 1.5643
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Euro Sterling pair successfully broke above higher barrier level at 0.8313 as confirmation level for pair became bullish trend starting so better put pending order buy limit above higher barrier level to wait small correction for bullish continuing
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strong level 0.8384 and 0.8338 had been touched almost the same time because pair still consolidation to continue bullish trend or become bearish starting so to anticipate these scenarios better to put sell stop below lower barrier level and buy stop order above higher barrier level to anticipate bullish continuing
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new high level 0.8402 can become reversal point level for this pair because this level very strong and after touched this level pair dropped sharply so to anticipate bearish trend starting so better to put pending order sell stop below lower barrier level 0.8367
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pair is still testing new high barrier level at 0.8463 as critical point level to ensure that pair really make bullish continuing or just reverse direction so better to put pending order buy stop above this for bullish scenario or sell stop order below 0.8375 for bearish trend starting
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lower barrier level 0.8451 become confirmation level that successfully broken by this pair to ensure that really make bearish trend movement so to wait pair make small correction before continue this downtrend movement better to put sell stop below this barrier
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In Profit
 Originally Posted by yuventius bhasyudewo se
0.8314 becomes critical point level for this pair to determines reversal direction or continues bearish trend so better to put pending order sell stop below this barrier level to anticipate downmove or buy stop order above 0.8360 to anticipate uptrend movement
I think that reversal is more expected, may be we will se it after the close of the 20H 'hours TF candle.
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