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dnsmith
Jan 27, 2019 6:36 AM

Get ready to SELL SELL SELL Short

British Pound/Australian DollarFXCM

Description

The pound showed a huge upward momentum last week, but is reaching key resistance zones.

The uptrend pattern is a sharp rising wedge, it will take a bit to reverse this momentum, but will move quickly when it does. Sell only in the break of the support line.

Be warned a test of the daily channel may occur around the 1.89 area. Just wait for price to give its direction.
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