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nottsy nottsy PRO GBPUSD, 240, Long ,
GBPUSD: Cautiously long the Pound
59 0 5
GBPUSD, 240 Long
Cautiously long the Pound

The pound is back on the bull trend, after it broke all major resistance apart from the 1.267 one, after it filled its 1.5% gap. Not breaking that resistance, being overbought, with declining volume and with big gap from the Moving average, my only potentially good trade would be to go long around 1.256 with a 2:1 R/R. Good news came out of the UK this week, but ...

Steven_Maas Steven_Maas GBPUSD, 3D,
GBPUSD: GBPUSD Years to come. Back to the future.
99 2 3
GBPUSD, 3D
GBPUSD Years to come. Back to the future.

The most logical path I could find based on current structure support // resistance levels. The divergence is merely marked because I find it interesting to watch on the RSI alone. I've backtested RSI divergence on smaller timeframes and they were relatively reliable in terms of minor retracements and larger reversals. Would have to combine with more data to ...

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