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GBPUSD Trade

EP : 1.5610
TP : 1.5530
SL : 1.5650

Saw this setup after price failed to close above previous resistance at 1.5650. With a bearish engulfing candlestick together at 50% fibonacci retracement level, i set a pending sell order and trade got triggered within minute.




Trade update, 9.30pm: closed 50% of profit and set SL to BE.
Trade update, 9.48am: SL hit at +40pips for the remaining of 50% size @ 17.43 GMT
Total pips: 40pips

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