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TomProTrader
Aug 31, 2014 4:33 PM

GBPUSD shorting continuation opportunity. Short

British Pound/U.S. DollarFXCM

Description

Shorting opportunity forming on the GBPUSD. The stochastic RSI is severely overbought. I think this will be a good shorting opportunity especially if the 200EMA acts as resistance before the stock continues going to the downside.I wouldn't recommend entering this until the blue rectangle (drawn in the chart) has been hit.

Good luck traders.
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