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Back Trading plan
GBP/USD: Trading Plan for the U.S. Session on October 18th (Analysis of Morning Trades)
In my morning forecast, I focused
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In my morning forecast, I focused on the 1.3031 level and planned trading decisions accordingly. Let's look at the 5-minute chart to see what happened. The breakout and retest of 1.3031 provided a suitable entry point for buying the pound, but as you can see on the chart, a new wave of growth did not materialize. The technical picture for the second half of the day has been slightly revised.For opening long positions on GBP/USD:Strong retail sales data from the
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
GBPUSD
Great Britain Pound vs US Dollar
Summary
Buy
Urgency
1 day
Analytic
Maxim Magdalinin
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