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LuisFXTraderMx
May 26, 2016 6:37 AM

GBPAUD Divergence and likely pull back Short

British Pound/Australian DollarFXCM

Description

We note in this analysis, as the price loses its upward momentum at a given time together with the visible divergence in the MACD as well as the consequent rupture of the dynamic line, bearish momentum could start to look important short entries for at least 40 pips

Comment

Close with a profit of about 90 pips and wait for the next extension
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