Forex Price Action | 2016-05-16 GBPUSD +8

GBPUSD +8 pips 2016-05-16 | Orange to White

Here is a very conventional Orange to White trade. Cable has established a down trend (shown by the arrangement of the 1, 5 and 15 min boxes. The box pattern also indicates that this is the second push down. It has hit support on the 1 and 5 min TimeLanes with 10 pips back to the 1 min box. The trade made +8 pips.

Further details and help regarding trading forex price action, with the forex TimeLanes trading software, can be found here

Previous recording Forex Price Action | GBPUSD +8 pips 2016-05-12

Forex Price Action | 2016-05-16 GBPUSD +8 was originally published on 24HR Forex Trade Room

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