Hi there, I would wait a bit before going long. Here's my post and graph.
Ice_
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Sadly I already closed the position. I disliked that price squeeze.
asiansupermarket
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GBPUSD has been touching 1.567 eight times, two times were a brief break and then a pullback. I still think my short is valid although today will probably be the last day to keep it open.
I disagree with your sharp trend you drew inside the channel. It has been pretty range bound the past week so I don't think it will follow an up trajectory. That being said there is some data coming out today so it might change.
asiansupermarket
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and heres with new data
asiansupermarket
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oops...
Ice_
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Yeah, it's going down now. It'd wait for the bulls buy the dip, so I'm no hurry. My stop and risk is measured.
Ice_
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The price squeeze made me get out. Didn't like it. 15 pips profit