GBPUSD +8 2016-05-20 | 1 min Pre-Emptive Reversal
This trade is a 1 min pre-emptive reversal. There has been a move up on cable but has retraced. This is the second push up but the S1 and S2 boxes have crossed on the 1 min indicating that short term momentum has changed. Cable is therefore shorted bringing in +6 on the first half and +10 on the second giving a net +8 pips.
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