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GBP/USD : Chart of the week
British Pound / U.S. Dollar
Long
GBP/USD : Chart of the week
By RBNonit
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May 17, 2015
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May 17, 2015
The daily chart shows us a bearish engulfing candle, formed at this resistance line of 1.5780. So we might see a pullback into:
- TL ( 3rd bounce )
- Fib level(s) 38% ( or 50% )
- Zone of support ( where last higher high was formed )
It is here, that we want to go long again and fulfill the fib play and follow the uptrend
chartoftheweek
dollar
GBP (British Pound)
LONG
pips
pound
rbnonit
sterling
USD
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