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Back Trading plan
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Back Trading plan
GBP/USD: Trading Plan for the U.S. Session on November 15th (Review of Morning Trades). GDP Data Disappointed
In my morning forecast, I highlighted
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In my morning forecast, I highlighted the 1.2681 level and planned to base my trading decisions on it. Let's examine the 5-minute chart to analyze what happened. A rise followed by a false breakout near 1.2681 created an opportunity to enter a short position, resulting in a drop of over 30 points. The technical outlook was slightly revised for the second half of the day.To Open Long Positions on GBP/USD:Although UK GDP data was expected to be weak, figures below
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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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