1H: The ATR in the 1H time-frame is 35 pips. 2 ATRs (70 pips) above 1.50 pivot is 1.5070

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GBP/USD Assessing Reward to RiskReward

Forex trade has been really slow this week, with the majors pairs failing at the first support or resistance that came their way. The only exception is the pound, which has moved approximately 300 pips this week. However, when compared to its historical average trading ranges (ATR), these are small…

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Sideways Crawl Denotes Fair Value

The GBP/USD has confirmed earlier reversal signal with likely another bearish session. The market however had another upswing to the 1.6450 level, near the would-be stop-loss level using the 3 ATR method

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GBP/USD Confirming Reversal Signal