FX:GBPUSD   British Pound / U.S. Dollar
40 0 4
I would watch the 50% level to see if this is another 50% retrace and then short. If it breaks through the 50% it should reach the 61.8% at which I'll take profits off the table as my buy stop is above the 50% level. If this is a shallow retracement then we can expect it to go down further yet again.
Trade active: my idea on where gbpusd will be in a week or so
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