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GBPUSD long mean reversion trade setup

British Pound / U.S. Dollar (FX:GBPUSD)  
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FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Technical Indicators
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chartpattern indicator
GBPUSD drifted lower Monday but is setting up to rise into the 30-day trend channel. Watching for a green 4-hour Heikin Ashi candle to go long this pair. On a 1.364 entry, could set SL at 1.360 and set TP at 1.372 (around the mean line); or set a trailing SL of .004.
Comment:
No trade! GBPUSD seems to be in free fall. Watching carefully for a possible entry point, bearing in mind that there's lots of news yet to come this week.
Comment:
Post-holiday madness seems to be diminishing to a dull roar. Might enter this trade this evening. Stay tuned...
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