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rcjugg
May 22, 2021 12:25 PM

GBPUSD Short scenario  Short

British Pound/U.S. DollarFXCM

Description

- Price forming rising wedge, anticipating breakdown following recent rallies
- Double top formation indicating failure to produce fresh highs, anticipating reversal of market bias to bearish
- Will be taking double entry, first target to take partials at 1.4 and second at 1.38, 1:4RR and 1:12RR
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