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GBPUSD Analysis - 13 Dec 2010

GBPUSD Trade Setup - M30 Chart Analysis

With price rejection during asian time (inverted hammer) with no higher high, thus i waiting patiencely to see if price can break the current bull TL. Indeed, london's opening resulted price closed below the TL. I immediately set pending sell order at 1.5765. Within minutes, my trade got triggered.

EP: 1.5765
SL: 1.5800
TP: 1.5700



Trade update, 9.53AM GMT: closed 50% profit and move SL to BE.
Trade update, 12:16am GMT: trade closed with SL hit. Profit 35pips.

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