Beware of robber banks (RB), bad advisors.
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GBPUSD Days Away From Potentially Explosive Breakout
GBPUSD continues to coil for what could be an aggressive breakout. The consolidation pattern you see in the chart below has formed a wedge. I mentioned this narrowing price action on Monday. Usually, the longer a market takes to break from a terminal pattern such as this, the more explosive the breakout is likely to be. You can see where our trend line resistance came into play yesterday. Today’s session is also having trouble in that 1.2785 area. The 4-hour chart shows it best. But remember what I wrote on Monday. Although I’m showing this wedge on a 4-hour time frame, it’s going to take a daily close below or ... (full story)
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- Dec 5, 2018 11:50am Dec 5, 2018 11:50am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
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- Dec 5, 2018 12:00pm Dec 5, 2018 12:00pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Dec 5, 2018 12:56pm Dec 5, 2018 12:56pm
- J Mark
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- Mattmee
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Dragon Shepherd
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- Pleiadian
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Don't wait for the wind, take to the oars.
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- Mattmee
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Dragon Shepherd
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- Dec 5, 2018 1:51pm Dec 5, 2018 1:51pm
- Pleiadian
- | Joined Oct 2009 | Status: Member | 595 Comments
Don't wait for the wind, take to the oars.
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- Mattmee
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Dragon Shepherd
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- Dec 5, 2018 2:13pm Dec 5, 2018 2:13pm
- Pleiadian
- | Joined Oct 2009 | Status: Member | 595 Comments
Don't wait for the wind, take to the oars.