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My charts have been biased towards bullishness on the GBP since the open of the New Zealand session up until now.
I have just scalped a short in GBP/USD based on a turning CCI between 2.0583 and 2.0572.
On the daily chart, volume has been decreasing ovr the last several days. This is a bearish signal.
The majority of research I have done is negative in sentiment towards GBP and suggests further correction.
However there are indicators and analysts favoring further upmoves.
So am cautious to enter market at this moment because there is too much risk at this time.
Long entry was signalled at 2.0572 for 10 points profit earlier also. Again, this was a hard trade decision because of the 2.0585 established 3 month high.
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