$GBPUSD Two Ways

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The trade is described in the chart annotations. At this point, we need to wait and see what the market does at 1.3785 before we have a clear indication of how to get involved. I am not actively trading this setup but if I were to do it, this would be how I attack it.
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Price is down to where looking for longs make sense, so let's see if the market agrees with us before we get involved.
Support and Resistance

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