01.07.202114:51 Forex Analysis & Reviews: Trading idea for GBP/USD

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Congratulations to those who followed the trading strategy presented last June 23 ! The plan was to decrease the rate of GBP / USD by completing the three-wave (ABC) pattern that developed in the daily chart.

At the time of writing, GBP / USD already hit the first target, which is the level of 1.37800.

Thus, traders can now close 2/3 of the positions, and keep the remaining ones on the second target. This follows the framework of Price Action and Stop Hunting strategies.

Good luck!

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