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British Pound / U.S. Dollar
Long

GBPUSD Long

By UnknownUnicorn769459
Updated
GBPUSD has become oversold after yesterday's breakout. This can be verified using Connor's 2-Period RSI on the daily chart. Chris Moody's Slingshot System shows an aggressive entry opportunity. I recommend going long for the next 3 or 4 bars (8-16 hours) as GPBUSD pulls back from the overreaction.

Recommended SL: 1.406
Recommended TP: 1.416

Trade active
GBPUSD testing major resistance now at 1.407.
Comment
*Testing major support*
Comment
Stop Loss Triggered. It is now challenging 1.406 fib support. If it's a false breakout, trade will be re-entered.
Comment
Re-enter if confident in the 0.236 support.

New SL: 1.405
Trade closed: stop reached
Going south. Trade is no good.
4h4hour4hrChart PatternsConnors RSI (CRSI)Daily ChartsGBPUSDgbpusdlongh4Technical IndicatorsTrend Analysis

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