Feb
23
Written by:
Trader
2/23/2009 9:14 PM
The British Pound is getting closer to it's descending trend line again so look for shorting opportunities if it manages to get up there. A good trigger would be a trend reversal pattern on a 5 min chart after it hits the trend line but, I think you'll have to tape read your way into this one on the intraday timeframes.

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