FX:GBPUSD   British Pound / U.S. Dollar
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Remembering when place a trade you must adentifie if its gonna be a day trade or swing trade in order to determine the proper lot size and risk managmanet your gonna use on your trade. The Current pair has been consolidating with in the trend line alone with form two areas of consolidation within the same price range and the lowest is has gone so far in the 2h is @1.27226 which we will keep in mind when placing our stop loss because if it crosses the last weeks lower low then it has broken through the trend line and it know longer is a buy, Rite now our buy. So far we have several indicators show that it’s respecting the trend line ( consolidation area, the rebound from the hourl candle sticks,) now we are waiting on a spike to our buying area ( 1.27873 ) and our stop loss will be placed lower then last week lower low
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