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Volatility comes again...
The GBPUSD has been in 70 pips range during de the Asian session.
FIRST entry:
- Just at Frankfurt opening the price broke the ascending trendline. The price made a MACD divergence, time to exit. Only money management techniques can avoid a loss on situations like this.
SECOND entry:
- At the European window the price broke the descending trendline and we had one different opportunity to go long taking profits on the way up as the price was playing around descending trendline (MACD divergence).
THIRD entry:
- Before London opening the price broke the descending trendline, long entry oportunity. Price reaches the descending trendline, time to leave.
Post edited by Ignacio Hernandez Fradejas, technical analyst at fxforaliving.com
Post reviewed by David Aranzabal, CEO at FX for a living.com
