GBPUSD: Overview

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Hello Traders,

Let's look at daily chart!
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A zone and a Bullish channel is there! The zone wants to push us down while the channel and the current leg is trying to move us more up! If you are a longer term trader wait for any bullish or bearish break of the channel!
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In case of bearish break we need the trendline to break too!

But if you are a shorter term trader you can take profit out of today moves. any retracement to middle of the channel could be a chance to long the pair!

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Waiting for retracement
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Waiting for confirmation
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Close before GDP News of tomorrow
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1st TP hit
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2nd TP Hit!

Left Some positions open for top of the channel or till the next trend-changer news
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Move your SL Before the GDP relase.
Chart PatternsSupply and DemandTrend Analysis

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