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British Pound / U.S. Dollar
Long

Small Correction

By ElieSweid
Updated
Oversold, Holding on Daily Pivot + Fib level 50%, Our target from here is 1.347, Will Stop Loss if price reach under1.339.
Comment
Stop loss can be placed below 1.339, you can take profit at 1.347 at FIB 50%
Comment
Our target is 1.347 ( around +50 Pip)
Comment
Testing The fibonacci 50% again
Comment
Our stop Loss If reached would be below 1.339 ( -20 PIP)
Comment
My original Plan was shorting GU, as you can see in my previous post, but I am looking for a correction here, this trade will remain active during the news.
Comment
Price is trying to break the daily pivot and this 50% fibo level Let's see
Comment
Extending Stop loss to let the chart Breath during the news, use logical stop losses, and manage your risk % and balance.
Comment
Daily Pivot is Broken, you can stop loss now ( -13 pip)
Trade active
Holding position
Comment
With same target
Trade active
1.3394 supposed to hold, if not we will reach 1.337
Trade active
Hold!
Comment
If you Closed your buy trade, you have another chance to buy again, of course with good money management.
Order cancelled
Comment
This correction will take it's time and will happen next week, closed trade.
buycorrectionLONGTrend Analysis
ElieSweid

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