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Traderscope
Jun 30, 2021 10:00 PM

GBPUSD: Long opportunity Long

British Pound/U.S. DollarFXCM

Description

The price has reached the trend line on the chart at 1.3798. In H4, we can see a green candlestick which means that the price has reacted positively. According to that we can anticipate a reversal starting from this area at least until 1.3900 then 1.3950. Invalidation zone is below 1.3790.
Comments
Verkaas
update please
thank you in advance
Traderscope
@Verkaas, The setup is not valid anymore as you can see that the price is below the invalidation line.
Verkaas
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