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EliteTrader101
Jun 13, 2014 5:55 PM

Pound Sterling long term accumulation Long

Invesco CurrencyShares British Pound Sterling TrustArca

Description

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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