GBPUSD Daily 170 Pip Flag ~ forex trading on news releases
The cable has now formed another 170 pips flat on the daily. It has been trading within the range for the past 5 days. A break out of the curren box will determine the next direction. The advantage of this is to The three charts below give idea on the trading opportunities within this range. 1.54198 and 1.53274 are the major areas to watch out for a break upside and downside respectively. If you want to trade this wait for the next H4 candle.
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