Smaller scale chart of previously posted GBPUSD buy limit opportunity
Comment
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Price bounced beautifully of our buy zone, the big move was motivated by USD weakness combined with statements from BoE's Carney that stimulus program will slowly be reduced.
Trade active
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Stops now moved to 1.28 and 50% of profits have been taken off. We are waiting for further bullish continuation.
Trade closed: target reached
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GBPUSD hit our target so we closed another 25% of our profit. I see a new dollar weakness trend beginning so I will still hold off on some of our positions for another wave upwards.
Comments
plorenz21
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On point you murdered this currency pair good stuff also great analysis