daytradernik

CABLE LONG SETUP - POSSIBLE DOUBLE STOP HUNT

FX:GBPUSD   British Pound/U.S. Dollar
There is a chance that the Pound could fall to take out the 'double bottom' stops resting below the 62 fib retracement of the movement up from the 8th July to the 29th July, and then make a move back up to take out the liquidity above the 1.568 level.
Seems that the quintuple-top will get taken out before the now triple-bottom
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MarcLacoursiere PRO MarcLacoursiere
a year ago
Whichever happens first, the other one will probably be next, so price should stick into that channel for the remaining of the week
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:)
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minbari PRO ICT_MHuddleston
a year ago
nice
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