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MEX_Exchange

GBPUSD profit target reached perfectly, time to start buying

Panjang
Paun British / Dolar A.S. (FX:GBPUSD)  
MEX_Exchange  
FX:GBPUSD   Paun British / Dolar A.S.
GBPUSD gbpusdidea gbpusdlong gbpusdsignal gbpusdtrade gbpusdanalysis gbpusd_forecast gbpusdsetup
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gbpusd gbpusdidea gbpusdlong gbpusdsignal gbpusdtrade gbpusdanalysis gbpusd_forecast gbpusdsetup
Buy above 1.2703. Stop loss at 1.2596. Take profit at 1.2886.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.2703 (Fibonacci extension, Fibonacci retracement, horizontal pullback support) for a push up to at least 1.2886 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) sees major support above the 26% level where we expect a bounce from.
Penafian

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