Just as previously anticipated, the British pound continued to rally to the lowerside and is still pretty much bearish. If you are looking at this chart, keep looking for long term sell position. The idea is to wait for pullback to the upperside, to pick a possible long term sell position. On the flipside, in case the price breaks above the alligator indicator, then we will be expecting further momentum to the upperside, then ideal is to keep looking for long term buy positions as long as the price is above the alligator indicator.
Trade Recommendations:
We're still sellers
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FreshForex gives traders a ready-to-use portfolio. The instruments are selected in such a way as to reduce overall risks and at the same time ensure a relatively high return.
This is the eighth portfolio developed by FreshForex specialists. Each of the previous seven portfolios showed positive results, with a total return of 87.1%.
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