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05.06.202010:41 Forex Analysis & Reviews: GBPUSD - take your money!

Exchange Rates 05.06.2020 analysis

Good afternoon traders! Congratulations to those who followed our trading idea on May 25 , which was to open long positions in the GBP / USD pair.

The plan was to get a movement of more than 5,000 pips between the levels 1.21 and 1.26500:

Plan:

Exchange Rates 05.06.2020 analysis

Result:

Exchange Rates 05.06.2020 analysis

"Price Action" and "Stop Hunting" strategies were the framework of the trading idea.

Good luck in trading and make sure to manage the risks!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2022
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