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cemalt
May 14, 2019 6:59 PM

GBPUSD Possible Breakout Short

British Pound/U.S. DollarFXCM

Description

Price is approaching to a demand zone but there is a very long spike visibly exceeding the zone. It might imply area is cleaned from buyers already. So wait for the reaction and if area is passed then go short.

NOTE: in case of a rejection buyers will get the control for a while.

Comment

Looks like it is being rejected
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