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Marenno
Mar 17, 2015 9:13 AM

GBPUSD Short entry review Short

British Pound/U.S. DollarFXCM

Description

The pair is moving towards the
1st target at 1.475
2nd target at 1.470
3rd Target at 1.4525

Sell limit at 1.480, Stop Loss > 1.486
Use 1.475 for Sell Stop

I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy), Sometimes I prefer not to wait till my SL is hit.
Comments
aryahi29
THE BEST FORECAST
Marenno
Thank you!!!
AbdullahAljohani
we need to wait for the German Economic Sentiment, big movements will hit the price
Marenno
Sure thing, the picture can be different after the news.
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