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theTrendtradr
Sep 4, 2016 6:17 PM

GBPUSD: Ready to Continue Down? Short

British Pound/U.S. DollarFXCM

Description

The last week GBPUSD has traded to the upside right back into its previous supply zone. It seems many short orders are waiting there to take prices lower again, just in the overall trend direction which is still down on weekly + monthly chart. New lows expected.
Comments
theTrendtradr
Supply zone penetrated nicely, now down it goes. Overall trend to downside may continue.
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