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SM_Makhuba
Apr 27, 2024 12:00 AM

Rising channel on GBPUSD  Short

British Pound/U.S. DollarFXCM

Description

A potential rising channel might form within the bigger descending channels (pattern within a pattern), the potential rising channel if completed to a touch by the top trendline will confirm a signal of price moving lower towards the 90% Rule. Price from there on might shoot upwards or continue to move lower.
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