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the_no_factor
Oct 17, 2019 8:46 PM

Bearish Wolfe Waves Pattern Forming in GBPUSD Short

British Pound/U.S. DollarFXCM

Description

After the breakdown below the rising line from the top of wave 1 to wave 5, we will get a nice entry to short GBPUSD and ride it down to previous lows. This is not a short term trade idea since these waves have been forming on a daily timeframe so it might be a bumpy ride down.
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