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Art_of_Trading
Sep 17, 2016 7:20 AM

GBPUSD: Valid Cypher Long

British Pound/U.S. DollarFXCM

Description

On FX:GBPUSD, there is a great opportunity to go long. The market moves sideways, which formed the valid Cypher pattern. Thus, it gives a good Risk/Ratio. However, it is better to wait the market to be opened and see Monday reactions, not to rush a trade.
T1 - 38.2%
T2 - 61.8%
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