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Feb 8, 2016 9:22 PM

PBC Short

British Pound/Australian DollarFXCM

Description

Analysis
price ranging into a triangle formation
move down to complete -leg 4 of the triangle
price could retrace from any of the 2 PRZ levels

Confluence
Multiple Fibonacci confluence
ABC pattern
strong S/R levels
falling support of 4hr-20ma near PRZ
More