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GBPUSD 4H RETRACEMENT PHASE TRDE

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Tradingstrategyguides Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Moving Average Convergence / Divergence (MACD) downtrend retracement fractalbreakout entrypoint takeprofit stoploss GBPUSD forextrading
3
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trendanalysis chartpattern indicator macd downtrend retracement fractalbreakout entrypoint takeprofit stoploss gbpusd forextrading
Price in an obvious down trend
Anticipating a retracement phase
NFP is the end of the week
Probability this price action will reverse because:
Price would move to a more neutral position before Friday
Price stretched far from ma's core center
Macd stretched far from zero line
Macd over sold
Possible Fractal Bullish breakout setup developing at current price action
Comment:
Market timing has not synced with price action for retracement setup yet.
Reasons for retracement setup still valid
Remember NFP tomorrow
snapshot
Comment:
Above chart is 1H setup
This chart is 4H setup
snapshot
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