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5 fail weeks to hold above 1.66, this make the probability for retracement very high
GBP/USD Daily chart
price moved 100% after breaking the channel
Price still holding highs and making another channel, usually that's a signal of weakness
Closer look at GBP/USD 1HR chart On the 1hr chart we can see a clear channel breakout out on the top of the daily channel border which makes a big slide in the price . For the next week ill be looking to take a s…
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EUR/USD is consolidating within 100 pips around 1.35 as we can see in the below weekly chart the trend line still supporting 1.35 and breaking the trend line would increase the chances of forming a double top and send the EUR/USD to the bottom line of the channel. In the 1 hour chart below there is a clear channel formed at the weekly trend line, today the PMI from the Euro Zone and US + Unemployment Claims and existing home sales from US will decide which direction the pair will go. ill be taki…
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