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SKbabs
Dec 1, 2020 4:40 PM

GBPUSD approaching monthly trend line Short

OANDA:GBPUSD240
GBP/USDOANDA

Description

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The rising wedge pattern as shown on the chart terminates at the monthly descending trend line.Looking to short around 1.3500 (+/- 20 pips) to target 1.2900. A successful break of the trend line invalidates this idea.
Trend Analysis
Comments
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