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09.01.2020 09:57 AM
The British triangle is on short-term initiatives

Good day, dear traders! I present you, a trading idea for the GBP/USD pair.

The British pound is in a triangular position and is preparing for a shot. It is possible to assume where it will shoot based on the initiatives. I have provided below the markup for GBP/USD in terms of initiatives and the "stop hunting" method.

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This could happen today as early as Carney's speech at 10:30 London time

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Let me remind you that the pound has fallen less than others recently, and has a very good power reserve.

After updating 1.30500, you can leave part of the position up to 1.28.

Good luck in trading and control the risks!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
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