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Jan 19, 2016 11:54 PM

GBP/USD W1 Short

British Pound/U.S. DollarFXCM

Description

On a weekly chart there is a possibility to see a Bullish Crab pattern (yellow), but over the Montly chart there is a projection to form a Bullish shark a bit lower, so if the formation in the Weekly chart occurs, it should be taken carefully; the rise of the price could be brief.

Meanwhile, I remain short in lower timeframes.
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