Comments on the chart. A break and close above the channel invalidates the idea
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Good news about the resolution of the BREXIT impasse has caused a rally in the GBP. Barring false breakouts this idea is dead. I will sell any dive back below the line
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This indeed has turned out to be a false breakout as price has dived back into the channel. The bearish idea prevails
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Check out the weekly chart. Excellent reversal move down
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This idea has played out as expected and I have exited my position for profit. Will post a new idea about this pair when I am about to get involved again.