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GBP/USD: Simple Trading Tips for Beginner Traders on October 28th (U.S. Session)
Analysis of Trades and Trading Tips
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Analysis of Trades and Trading Tips for the British PoundTesting the 1.2965 level occurred when the MACD indicator had already moved well above the zero line, limiting the pair's upward potential—especially given the absence of significant fundamental data. For this reason, I did not buy the pound. A second test of this level shortly afterward found the MACD indicator already in the overbought zone, creating an opportunity to implement Scenario #2 for selling. However, as you can see on the
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Jakub Novak,
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