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Back Technical analysis
GBP/USD. Smart Money. Is the Pound Trying to Mislead Traders?
The GBP/USD pair continues to decline
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The GBP/USD pair continues to decline within a bullish trend. The only active pattern that may currently be useful for traders is bearish imbalance 16. A bearish imbalance within a bullish trend raises serious doubts about whether it is worth trading this imbalance with short positions. First, this imbalance needs to be tested and produce a price reaction; only then can the feasibility of opening short positions be assessed.In my opinion, however, the bears have extracted the maximum benefit from
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Grigory Sokolov
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