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Thursday 28 November 2013

GBPUSD TECHNICAL ANALYSIS

Hello everyone!

Here is another deal with GBPUSD pair for going Long, Rectangle Chart Pattern in GBPUSD Daily chart. We have to steps in the Take Profit level, once price reached the first T/P then you can use Trolling Stop Loss for the other target and let this trade go.

GBPUSD Chart
The detail about the entry and TP/SL levels is,



Buy @ 1.6320-1.6350
Save Loss @ 1.6145
Take Profit 1 @ 1.6470
Take Profit 2 @ 1.6640 ( Trolling Stop : 120 pips once Take Profit 1 hit )


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