Mon, 13 May 2013 14:47:40 GMT
Weekly Trade Pattern Idea
EUR/GBP has formed a Descending Triangle pattern on the 1D chart. The pattern has 79% quality and 80% magnitude on in the 146-bar period.The pattern started on the 8th of November, 2013, when the pair started appreciating from 0.7961; currently it is trading at the weekly pivot (PP) at 0.8447; pattern's support is at 0.8405 and is set to intersect