Mon, 08 Apr 2013 14:00:08 GMT
Weekly Trade Pattern Idea
EUR/GBP has formed a Channel Down pattern on the 1W chart. The pattern has 61% quality and 50% magnitude on in the 145-bar period.The pattern started on the 12th of October, 2009, when the pair dipped from 0.9411; currently it is changing hands at 0.8509; with the trading range around 1100 pips. Trading volume seems to decline in the length