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kryptonites
Apr 15, 2013 2:45 PM

GBPUSD - Possible drop? Short

British Pound/U.S. DollarFXCM

Description

GBPUSD is currently testing major support. I was looking at the previous big red candle that broke my support line. Now the price retrace on my 38.2 fibo lines. It is better to open trade below my support line but I personally took this trade earlier by putting a tight SL and my target is on the next support area. Its a good reward ratio.
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