EliteTrader101
Long

Pound Sterling long term accumulation

AMEX:FXB   INVESCO CURRENCYSHARES BRITISH POUND STERLING TRUST
the pound broke out of last year's high and tested it so now its finally going to rally hard after 5 years of accumulation. On a yearly chart, last year was a low volume pin bar back into a high volume absorption bar so all the supply is out of the market and is ready to rise with very little resistance.
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