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intlmarkets · 02-06-2005, 05:04

GBPUSD

If GBPUSD retraces to 1.8440 then close short position and open long there as the retracementfrom yesterdays low has been more than 100 pips and this qualifies as an impulse, and the next play is up. its as follows

GBPUSD

BUY 1.8140 SL 1.8090 Target 1.8250

02-06-2005, 05:04	#21 (permalink)
intlmarkets level 3 Join Date: Nov 2004 Posts: 125 Rep Power: 0	Re: Short Term Fibonacci Trades on GBPUSD GBPUSD If GBPUSD retraces to 1.8440 then close short position and open long there as the retracementfrom yesterdays low has been more than 100 pips and this qualifies as an impulse, and the next play is up. its as follows GBPUSD BUY 1.8140 SL 1.8090 Target 1.8250