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paminos
Jul 27, 2014 8:21 AM

Buy GBP USD at 1,6940 sell at 1,7070 Long

FX:GBPUSD60
British Pound/U.S. DollarFXCM

Description

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The pair is ina a clear uptrend (daily and weekly charts), so we look for a good entry.
At 1,6940 we have an area of previous support (look left), 50% fib.retrace,100% fib.ext of previous down leg.
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