Forex Strategy: GBP/USD Short Position Triggered
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- Prices turned lower as expected after showing Shooting Star candle, negative RSI divergence
- A break of trend line support has triggered a short trade from here (1.6172)
- Initial target at 1.6063 (23.6% Fib); stop-loss activated on a daily close above 1.6259
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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