GBPUSD Long Trade Followed by Short Trade

FX:GBPUSD   British Pound / U.S. Dollar
41 0
PA is heavily oversold after a very large drop. I'm currently entering spot long position to ride the retrace back up to at least the 23.6 fib level. At this point PA could retrace further to the 38.2 fib or it could just drop down again to re-test lows.

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