GBP reversed down the 43 pip range below Wednesday's lows and has headed down into Thursday's lowsUsing the same pattern to go long from as the previous 2 days, however this trade is a high Risk Trade because of Price trading outside the Weekly .618 @ 1.9558....
If the 43 pip moves up and provide a 'HOOK'.... then this trade could continue upwards
However, there is more of a chance that it won't......(limit 2 lots)
Entry @ 1.9540 (11 pip reversal) (stop 1.9525)
A 43 pip reversal upwards and leaving 1 lot until close of Thursday (move stop to breakeven from entry)
Note: A breakout outside the Weekly .618 and expectation that any push lower is towards the 3-week lows @ 1.9338
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