8.8.2013 – GBPUSD [+3R]

20130808-gbpusd-rangefade-notrade

STATS:
Trades: 1
Return: +3R (3)
Pays: RANGE AFTER RUN aka RAR
Pairs traded: GBPUSD
Comment: Lovely play. This is a classic scenario when market spikes strongly and keeps its retracement max.at its upper range (let’s say above 23.6fib). If it starts to form a range in this context it is good to look for LONG FADING opportunity after the third touch is presented. This was a precise action.

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