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MLesan
Oct 21, 2015 4:19 PM

GBPAUD Inverse Head and Shoulders Pattern Long

British Pound/Australian DollarFXCM

Description

An inverse head an shoulders pattern has formed on the 4hr chart of the GBPAUD. This is a bullish sign and price should move up the height of the head to neckline which is about 550 pips. This is a volatile pair because it is a cross so it may chop around before actually hitting it's target.
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