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Back Trading plan
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Back Trading plan
GBP/USD: Trading Plan for the U.S. Session on May 8th (Review of Morning Trades)
In my morning forecast, I focused
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In my morning forecast, I focused on the 1.3286 level and planned to base market entries from it. Let's look at the 5-minute chart and analyze what happened. A breakout and retest of 1.3335 led to a short entry on the pound, resulting in a decline toward the support at 1.3260. A false breakout there provided a long entry point, pushing the pair back up to the 1.3323 level. The technical picture was revised for the second half of the
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
GBPUSD
Great Britain Pound vs US Dollar
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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