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Elliot_Myers
Jul 10, 2016 7:36 PM

GBP/USD follow the 20DMA for sell opportunities Short

FX:GBPUSD240
British Pound/U.S. DollarFXCM

Description

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The 20 day moving average has frequently capped price action and presented great sell opportunities.

Selling on any failed attempt of price to move higher than the 20 DMA is advised with stops at least 50 points above the 20DMA.
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