cmounsteven

GBP/USD long off support and 200SMA

Long
FX:GBPUSD   British Pound / U.S. Dollar
Along with my EU idea i recently posted this movie i also expect to have to wait till news time. This trade is also the higher probability out of the two because support and the SMA line ups so well. My overall prediction is that price will bounce off the support and 200sma and rally for a long term buy position to the past highs of 1.43000. I will be using a trailing SL and do not plan to enter the trade until after the news comes out when i beilive the market will make its intentions very clear. gbpusd
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