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ClearEdgeFX
Jun 2, 2015 1:40 PM

GBPUSD - 1H - TIME TO GO LONG AFTER THE BREAKOUT Long

British Pound/U.S. DollarFXCM

Description

This has the potential to be a solid breakout after the four touches of the trendline. The stop loss can be at 1.5210 or 1.5175 to give the trade a bit more breathing room. Our first target is at 1.5380 and the second target is at 1.5425. *PLEASE ZOOM IN ON THE CHART*
Comments
Peter128
yes. the 1.5170 is a divergence bottom.
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