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YProsper
Jun 14, 2015 3:18 PM

Cable Long Long

British Pound/U.S. DollarFXCM

Description

Weekly bullish engulfing
Rejection of the .618 makes me think this pair could head lower before continuing its upward move
Triangle breakout on the 4hr indicates an upward continuation
4 hour inside bar doji. Sellers around .618 but doesn't look enough to take pair lower
Uptrend Kumo

I will wait for a close above .618
1st target .764 fib
final target will be a new Daily higher high around 1.60000 level!
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