FX:GBPUSD   British Pound / U.S. Dollar
60 2 2
#LongPosition for GBPUSD            
#BUY : 1.49884
#STOP : 1.49408
#TARGET : 1.50629
Defining support with wicks can be a dangerous endeavor.

Why not wait for price to show bullish signs with an RSI crossover from OS up or price action showing the decline is complete?

Price is below the strongest support already, and can free fall to 1.4...I'd wait to see if the lowest low in the last leg holds, and gives us a double bottom at least.

+2 Reply
IceTrading IvanLabrie
I have to agree with Ivan its way too early to call a long position there
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