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$GBPUSD 07 September 2011

by Gav 1 Comment

This is a swing trade setup. Cable is moving closer to retest previous broken trend line, and a bullish harmonic pattern is forming.  It depends on one’s risk tolerance, I prefer to build entry near trend line. Still watching for now. I expect some reactions at the trend line retest.

Here is the … CHART!

$GBPUSD Bullish Harmonic setup

Filed Under: Harmonic setups, Trading Journal Tagged With: ABCD, bullish butterfly, FX, GBPUSD, Trading Journal

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Comments

  1. Edmund Peh says

    at 12:57 am

    Pound seems to be consolidating and preparing for the next move, possible usd strengthening across the board, see eurusd

    Reply

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