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Apr 28, 2015 5:26 AM

GBPUSD(H4). Approaching strong resistance. Short

FX:GBPUSD240
British Pound/U.S. DollarFXCM

Description

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- AB=CD potential completion at confluence point.
- Downtrend_Line 3 touches. ( LH )
- Fibonacci confluence with 78.6 % retracement.
- Horizontal Resistance.
- RSI approaching overbought levels, at 75.
- RR 4.0
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