FX:GBPUSD   British Pound / U.S. Dollar
77 0 11



Enter long when

1. Price has tested the now supporting trendline .

2. Fib correction at .618 to .786 fib of current wave.

3. Price closed above the 7 DMA


Stop

1 Aggressive - just beneath the 7 DMA

2. Conservative - 2 ATR or beneath the recent swing low.


Target

The 1.618 extension of the current wave
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