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GBP/USD: Simple Trading Tips for Beginner Traders on February 4th (U.S. Session)
Trade Analysis and Tips for Trading
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Trade Analysis and Tips for Trading the British PoundThe first test of the 1.2417 price level occurred when the MACD indicator had already moved significantly above the zero line, clearly limiting the pair's upward potential. For this reason, I did not buy the pound. Shortly after, there was another test of 1.2417, which happened when the MACD was in the overbought zone. This allowed Scenario #2 for selling to play out. However, the pair did not experience a major decline,
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Jakub Novak,
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