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TheAnonymousBanker
Oct 30, 2018 8:29 AM

[GBPUSD] A SIMPLE STRATEGY Long

British Pound/U.S. DollarFXCM

Description

Our view has not changed, and we think that the pair is very close to a BOTTOM. We will continue to try to take long position with the same strategy (tight stop, and reduced size), and we do not exclude some reversal patterns like HEAD AND SHOULDERS in the short term.
A simple strategy could be to try and take a long position on a potential right shoulder with stop below the low (HEAD).

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Comment

...BOTTOM?
Comments
TanveerAlam
very big head
colinbrazendale
Looking good so far @SignalSwiss
yogeswarareddy99
Agree with it... but the DX is trying to break the highs and GBP is down due to political issues and bad economic data as well.

A rejecttion on DX might bring this idea to life...
peronia9191
thank you!
vincenzomguidet
Is sl hit?
TanveerAlam
@vincenzomguidet, its strategy, you have to wait if this pattern will form. then we can go in trade
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