TomProTrader

#GBPCNH: Bears Picking Up Steam, Bulls Swiped! #Forex

FX_IDC:GBPCNH   BRITISH POUND / OFFSHORE CHINESE YUAN
16 0 6
Compelling bearish engulfing signal on the breakout of a sideways support/resistance transition line, looks very bearish and downside is expected this week. Could be a 3 wave long term move, but this is unlikely. I hope you have a tested trading strategy to trade this one when it moves.
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