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

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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!

Andrey Shevchenko
Analytical expert of InstaForex
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