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    Bears still control the situation 13 May 2016, GBP/USD

    The four-hours chart of GBPUSD. Bulls have succeeded in their new attempt to gain a foothold above resistance formed by the SuperTrend lines. Drop still remains the main direction. The nearest goal is 1.4282 (5/8). This option will be canceled by consolidation of the price above the four-hours SuperTrend Line. That will be a good signal of an upwar reversal of the price.

    Trading solutions: try to sell from the the four-hours SuperTrend Line with a short Stop Loss once again

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    • avatar-2057
      • #

      I agree that bears control the situation in this trading instrument, that's why we should sell.

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