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Swingrading

GBP USD update We are waiting for the break of our trend line - as the USD is gaining strength and the GBP has got a lot of short orders against the Dollar. What can we see technically? - Daily bearish , - weekly bearish - bounce from the demand zone zone. - we can see the trend beginning to add long positions to correct. - we have made lower lows and lower highs- showing the correction - now in a consolidation zone with some great wicks formed. Where to enter? Follow your plan But for us, we are waiting for price action to develop off 1.24 before looking for a rejection to further our trade or hedge in reverse back into the range. Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Thanks, Team Lupa.
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by LupaCapital