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The triangle has been almost formed

The triangle has been almost formed | 03 August 2016

03 August 2016, GBP/USD

To be finally formed, the triangle lacks minor details. But we do not exclude that the price will not reach the target and we will see beginning of decline from these levels. But we should not hurry with opening of short positions, it is better to wait until the price makes a sure step down and we should open trades after this correction.

The triangle has been almost formed

Vasiliy Lukin
FreshForex Analyst
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