GBP/USD: Trading Plan for the U.S. Session on June 27th (Review of Morning Trades)
GBP/USD: Trading Plan for the U.S. Session on June 27th (Review of Morning Trades)
In my morning forecast, I highlighted
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In my morning forecast, I highlighted the 1.3720 level and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and examine what happened. A decline followed by a false breakout at this level provided an excellent entry point for buying the pound, which resulted in a gain of over 30 points. The technical outlook was revised for the second half of the day.To Open Long Positions on GBP/USD:As expected, the pound corrected in
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