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TradeAssociatesLLC
May 17, 2021 2:14 AM

Short for start of week to support Short

British Pound/U.S. DollarFXCM

Description

Hint: Corrective retrace to support for Monday and Tuesday then up to the H/S

Recommendation:

The recent win of the british ruling party strengthened the GBP. For long term, the pound will be bullish but expect a ranging action over two weeks.

Take a market order position upon the confluence of valid entry rules on the 4H or 1H chart.
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