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Feb 5, 2015 12:20 AM

GBPUSD trade still in play  Short

British Pound/U.S. DollarFXCM

Description

Still in play although H4 manages to close outside of the wedge pattern.
D1 shows a pin bar closing slightly outside of the wedge i drew after hitting 127.2% of the bullish impulse.
I would have shorted at 127.2% if i have not already shorted at 1.5170.
Close out position if H4 manages to close above 127.2%
Target 78.6% retracement 1.503
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