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thetradedoc
Aug 3, 2023 3:10 AM

GBPUSD at the crossroads. Short

GBP/USDOANDA

Description

On the weekly timeframe, OANDA:GBPUSD has come back down to previous resistance turned support AND the line of an uptrend. What do we think? Personally, I am short. Last week's indecision candle was met with higher than normal volume followed by a continued selloff. A break below could mean big red soon.

Comment

Green on the trade.
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