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We still maintain short trades

We still maintain short trades | 11 August 2016

11 August 2016, GBP/USD

After completion of formation of the horizontal Triangle as the wave [b], decline has not reached its goal yet. So, in the near future we can expect the downward impulse movement of the price to continue, which we can use to make money, the more so because at the moment there is a good entry point with evident levels for setting a stop loss order.

Vasiliy Lukin
FreshForex Analyst
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