Δευτέρα 7 Μαρτίου 2016

Technical Analysis GBP/USD

The pair is downtranding (we can notice the three red candles in a row followed by a couple of failed rebounds above 1.4153 in the fourth candel). Pair broke beow support of 1.4165 and it will likely head towards S2. Take profit at 1.4142 (close enough to S2), stop loss above 1.4154, precisely at 1.4157 in order to hedge my position and wait for the start of another possible downtrend candle.

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