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After trading sideways for nearly two weeks, pound finally went above 1.4.
This scenario is what we hoped for in our previous articles: Trading idea for GBP / USD (April 21) and Trading idea for GBP / USD (May 4)
So, congratulations to those who followed them and opened long positions in the market!
The large three-wave pattern (ABC) is complete, and the pound moved up by 1,400 pips.
It rallied after the Bank of England announced its decision to keep a soft monetary policy, and after the US published a weak employment report.
Price Action and Stop Hunting were used as trading strategies.
Congratulations again and have a nice day!
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.