Nigeria needs reforms to prevent exchange rate crisis — W/Bank

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However, it can be excruciating if the trend is sharp and continued. From the chart above it looks like there has in fact been a break-out of the channel pattern. Three of the last four bars have closed above the blue rectangle which should best online brokers 2017 red flags to a swing trader.

The sideways action may not have evolved into a new uptrend. However, the fact the price has moved above its channel should create caution.

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