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Waiting for the Cable Bears to Growl

posted by Avatar jonell 723 days ago in USD, GBP, Daily made popular 723 days ago

I know Pipcrawler has a short GBPUSD trade on, but the setup is just too good to ignore. Besides, I'm going to play it just a little bit differently. As you can see, I have setup my Fibs on the daily chart. Using the most recent swing high and low, I see potential resistance at the 50% Fibonacci retracement level.
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