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848evo
Jun 28, 2016 1:35 AM

GBPUSD Long Trade Followed by Short Trade Long

British Pound/U.S. DollarFXCM

Description

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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