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Fxprotrader
Nov 20, 2016 7:39 AM

GBPUSD: Buy Opportunity At Key Level Long

British Pound/U.S. DollarFXCM

Description

Price has been rejected at the lower parallel of a median line (upslope) where we also have previous structure and the 0.618 fib retracement of previous upmove move. That's a great level to go long with sl and tp as shown at the chart.

Comment

For those who missed this entry... Price has from the lower parallel breaking above the previous downtrend. It's now in a correction heading to the lower parallel once again. Watch for a buy setup at this level and go long with potential tp the median line.

Comment

With price at 2:1 in profit it's a nice idea to move sl at breakeven for a risk free trade

Trade closed manually

Stucture changes, i close this trade with ~ 210 pips profit

Comment

*structure
Comments
rist
what kind of fork is that?
Fxprotrader
@rist, schiff
ardiansyah
nice chart friend. But I have not seen strong stranding to buy now. I am waiting price going to R1 ( 1.2475 ).
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