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GBPUSD: Trend Line Retest Trading Plan (Trading Plan)



GBPUSD broke a strong rising trend line on 4H yesterday.

Now we see its retest.


On 1H chart the price has formed a double top formation with a lower high.

1.365 is its support. Wait for an hourly candle close below that, then sell aggressively or on a retest.


Goals:

1.3615

1.358


In case if we see a new higher high on hourly, the setup will be invalid.

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