Wednesday, August 5, 2015

Daily GBPUSD Horizontal move




GBPUSD Daily: I have been waiting for 2 weeks to see whether it breaks this narrow range (dotted green line) but it's not. An emerging bullish shark is likely a false pattern because of price moving too long on BC leg. Note that there're several attempts to break above 1.5640, none successful. I prefer only to trade once the range is breakout. 

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