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GBPUSD Analysis - 15 Dec 2010

GBPUSD - Trade Setup




I saw a setup on M30. Price rejection on previous support (yellow bar) as well as parallel TL (pink) , fibonacci retracement level @ 87.5% together a doji on H4. I set a buy pending at price 1.5760.



EP: 1.5760
SL: 1.5735
TP: 1.5810





Trade update: SL hit -30pips

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