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glennmercer
Jan 25, 2017 1:42 PM

GBPAUD Wave Count: Bullish Impulse Channel Long

British Pound/Australian DollarFXCM

Description

In FX it is important to leverage strong currencies against weak currencies. GBP is our strongest and AUD is the weakest on news over the past 24 hours. I'd like to get long through wave-((5))-of-v-of-(v) to ride the bullish trend. Next related predicted volatility due to news is in about 20 hours.

Trade active

+33 Pips, SL Moved to B/E

Trade closed manually

+21 pips. Stopped out at PSAR
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