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GBPUSD: Bearish MC, looking for short opportunities

The GBPUSD traded in a range for a couple of days near an important long term resistance level, but now, it broke through the short term support level and is in a clear bearish market condition:

GBPUSD

GBPUSD

My Trading Plan:

As long as the GBPUSD keeps trading below 1.6076 I will be looking for short trade opportunities.

All short signals will be ignored.

Trade Safe
Raul Lopez

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This entry was posted on Tuesday, January 5th, 2010 at 7:52 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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