GBPUSD Updated - Stop Losses and Reentries

FX:GBPUSD   British Pound / U.S. Dollar
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Trade Ideas stopped out on tight stops near 1.2450 level. This is the time to stress the use of Stop Losses and a great example as to what happens if you do not follow the plan. I am now looking for a retracement to the 50% or 62% Fib and will look to reenter the long, pending price action. Stay tuned.
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