GBPUSD- Bull Position Buying into 12920

FX:GBPUSD   British Pound / U.S. Dollar
452 0 16
The Bears are looking for a great reentry to sell pound!!We have been buying the retracement on Pound since Monday night. Right now I am waiting for the market to break and close above a counter trend line break on this current flagpole pennant as the market looks for a good spot to reshort. The D extension of this up pulse is 129.20. Place the stop ten pips below your u-turn and risk 50 pips. When this pops up 100 pips after the reentry, I am taking one more off and then will pull these to break even and forget about them. 129.20!!!

Trade active: First target in 60 pips!
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