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therisingosprey
Feb 19, 2017 12:34 PM

Corrective structure on the GBPCHF Long

British Pound/Swiss FrancFXCM

Description

Wait for the structure to be finished and break out. There might be a buy setup after a short consolidation. Don´t place the targets too high because there is another resistance level on the daily chart. If the structure does not come as expected, do not buy!

Comment

There might appear a corrective structure after the initial up trend. That would be a setup for a short term buy opportunity.

Comment

Breakout is done. Waiting for a short flag now.

Comment

The buy setup is completed now.
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