FX:GBPUSD   British Pound / U.S. Dollar
6
in the photo it is in the daily chart as you can see. the price not yet touch the support many thinks its not the time to go long but.. as you can see in the fib retracement it touches 50 it is the common time that the price reverse.. thats the one thing thats why i think it goes long.. the second thing is. if you try to look at 4h chart. the RSI reveals that it reverse.. and the last thing is if you look 1h chart. the price is consolidated, it is the perfect timing to enter the market and post a position. i think it goes to lonk because. the previous rally of the price is short,. the currency need a rest or we call it pullback. thats all i can share. about the stop loss and take profit. it depends on your appetite. every traders has different way. thats why i cant share mine cause. maybe when i share it, it is too risky on your side, thats all have a nice trade
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