"Is this too obvious of a trade? I want these 400 pips!!" by trader daytradersfx — published July 25, 2016

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Long

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

Forex trading currencytrading gbpusdlong Head and Shoulders fx

forex trading currencytrading gbpusdlong headandshoulders fx

If the right shoulder keeps holding on GBPUSD , like it has, then we should see a nice head and shoulders pattern play out here, 400 pips should be easy.

I'm interested in taking a stab at this above 1.3200, the real confirmation happens above 1.3400 minimum targets are 1.3800. This trade is invalidated below 1.3070 area.

See and learn more about this at http://www.daytradersfx.com

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