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tntsunrise
Jul 25, 2017 3:01 PM

GBPUSD Horizontal Structure and Correction Channel Short

British Pound/U.S. DollarFXCM

Description

GBPUSD Horizontal Structure
and Correction Channel

GBP today touch 1.3080 and come down quickly

The yellow zone is very strong resistance area
and we can make use of it to short.

The channel is the correction wave and we can sell
the break out of the channel.
TP1 1.2940 TP2: 1.2820
Comments
tradewinneer
@DONOTFORGOTME
you're right , it will rise , I lost money.
NimRODZ
@tradewinneer, i already warn you guys, big bull
DONOTFORGOTME
@tradewinneer, :( sorry to hear that, already give warning but nobody listen to me
tradewinneer
@DONOTFORGOTME, thank you mate, if i listened to you, , I would make a lot of money.
There is an old saying that “The trend is your friend, so to enter any trade you have to wait for a pullback, then follow the trend direction.
I'm really upset :(
Nefarious
If it does not break lower Trend line, can we go long ?
BjornPfaff
strong resistance zone huh :-) friend trust me, technical don't work in GBP pairs
tradewinneer
@BjornPfaff, technical work if you follow the strong trend.
pavelgnetti
Thank you from Italy Jack!!!
form7gt
Dont use real money
Use demo
DONOTFORGOTME
@form7gt, nothing wrong with playing demo, look at OP, he play demo and have become a successful businessman :)
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