Art-of-FX
Short

GBPUSD watching for short setup

FX_IDC:GBPUSD   British Pound / U.S. Dollar
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The GU bounced off the 61.8 of the recent decline. I dont have any decisions made yet but I will watch to see if we break this current high or not. This would be a short term trade if it came to fruition. That being said I think the Pound gets much stronger in the long and very long term.
Trade closed: target reached

Related Ideas

When did you get in, it made a scary run back to 125.48?
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@Gino, I took the trade when i posted on the spinning top and bounce of 61.8 125.20 area. Put my stop over the high by 12 pips. The high was never broken before a move down to 2477 ish. Took 35 pips from it. Once I saw short term bullish action after the trend line had broken I found a place to take profit.
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