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ExtendedForex
Feb 18, 2022 5:41 AM

GBPUSD Long

British Pound/U.S. DollarFXCM

Description

Hello people. I just placed an buy order on GU. This is because we have great confirmations on the lower/higher timeframes. We can see that price rejected the support on the lower timeframe several times. We also in a great buy position because of the golden zone of the fibbonacci retracement. The only thing i dont like is that we have a resistance level on the higher timeframe that can reject is also.
Comments
prime1000
GU is ranging in the 4hr time frame and it is bearish now...I don't think buying is appropriate now...nice analysis by the way.
ExtendedForex
@prime1000, like i said, on the longer timeframe it can reject the resistance level.. but we still bullish in general.
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