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GBPUSD: H&S Pattern Suggests More Weakness In Sight

Discussion in 'Technical Analysis' started by Kaitlin, Nov 7, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Pound fell sharply yesterday across the board, especially against the USD. We can see a new leg down for more than 200 pips beneath the trendline connected from October 13th which suggests that price is headed much lower. From an EW perspective we see a completed wave (2) now at[​IMG]

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