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etraderjournal
Sep 24, 2018 6:39 PM

Went Short on GBP/USD Short

British Pound/U.S. DollarFXCM

Description

GBP/USD has corrected from its prior downturn on the 1H chart and has touched the 50% fibonacci level and an important support and resistance line.

Correlation indicates continuation of downturn. Reward to Risk is very favorable. Already in the money and will leave it overnight.

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