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David.Cooper
May 24, 2016 6:25 PM

GBPJPY Channel breakout with divergence confirmation Short

British Pound/Japanese YenFXCM

Description

If the price breaksout of the bullish channel with an area of consolidation or a pullback to the previous SR zones for a last kiss we can expect a sell. If not, the price could continue to make higher highers and get rejected at the trendline. Divergence can be seen on the MACD 4C confirming the halting trend.
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