GBPUSD entered into sell zone..!! So stop moved to 1.432
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Stop now at BE.
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Its good to catch strength of gbp by buying gbpaud as well.. 1.90 and high on way!
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As far as gbpusd is above 1.432 its still bullish.. only break of 1.432 will take it towards 1.422 and above it will return back above 1.44
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Neutral on this pair for today.. It is still bullish but moving with bearish tone..
It is getting resistance from unfilled gap which is close to 1.447 and if it goes there and went above 1.451 then it will go for more highs as 1.451 is neckline of double bottom... still a long journey.. as for now its in bearish tone and NFP :)
Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of planning an entry and managing risk with a point of support.
newbie2016
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wow.. great to know.. Thanks for informing! :)
VasilyTrader
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good job, man!=)
garybob
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Is there any explanation for entry location?
newbie2016
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well.. 1.433 is good support.. price hovered today above 1.431 support.. so i entered after confirmation... but now gbpusd at good resistance 1.439 and 1.441 area is good resistance..