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ChrisThein
Nov 4, 2015 7:32 PM

GBP/USD counter trend trade 15min Long

British Pound/U.S. DollarFXCM

Description

There is some RSI divergence into structure on the 15 min chart. Looking for price to reject this level with a strong bullish candle, then wait for a slight pullback to get long. Looking to go long at 1.5365, with a stop at 1.5355 take profits at 1.5411 for a short term day trade. Long term there is a bullish bat setting up on the 240. Good luck trading out there.

Trade closed manually

Price clearly didn't reject 1.5365. Trade became invalid. The 4hour bat is invalid as well. Thanks for looking.
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