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Charts247TradingAcademy
Dec 4, 2019 10:42 AM

GBPUSD- SELL OR DO NOTHING BELOW 1.3035 Short

British Pound/U.S. DollarFXCM

Description

Manipulation phase is now over after a lenghty distribution phase.
Price has broken the high 1.30129 [StructuralPoint/Momentum-High] which has plenty of orders just above it.
Additionally, we have previously seen Two completed Structural failures to the downside before the price was manipulated back above the highs
in order to trigger the weak sellers stop loss.
This trade is now a High Probability SELL! @ 1.3035.
Add to your short position below 1.3035 after every rally below 1.3035.
Trade with care!
Charts247Trading.

Comment

Patience is key with this one!. We now ha a higher entry. I will update when it is triggred.

Trade active

SELL NOW!!!
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