GBPUSD LONG - BY Marcus Mangoro
MACRO TREND IS BULLISH, HOWEVER TREND IS NOW CLEAR DUE TO THREE HIGHS HITTING THE TREND-LINE WHCIH MEANS A REVERSAL IS IMMANENT. I EXPECT THE MARKET MAKER TO CONTINUE CONSOLIDATION TO THE TREND LINE TO BUILD ORDERS THEN SEND A STOPHUNT -25 PIPS FOLLOWED BY A REVERSAL OF THE MACRO TREND. WAIT FOR A STOP HUNT AROUND 30 PIPS BEFORE ENTRY.
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