On GBPUSD yesterday was a strong rebound from a point where we had a triple confluence:
- line of downward trend ( to be precise- upper limit of descending channel),
- 50% Fibo of the last bullish movement
- and quite an important horizontal level of support 1.2640.
Price strongly bounced and went up. I noticed it a little late and now will have to wait for a pullback to open Buy trade. This pair can be volatile due to politic uncertainty , so SL must be enough big to avoid some unexpected impulses.
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