Tuesday, November 12, 2013

Evening Star Candlestick Pattern - GBP/USD, Weekly Chart, Short GBP/USD

An Evening Star Candlestick ( Bearish ) pattern has formed on Weekly chart of GBP/USD.  Fibonacci Profit Target levels on chart.  Initial profit target is 38.2% Fib. level of run up from 1.4812 to 1.6259 at 1.5707.  Stop is above Doji in Evening Star pattern.







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