GBP/USD Long exited, now pair in no man’s land

I had entered long GBP/USD described earlier today here https://ogforexwire.wordpress.com/2016/02/24/in-we-go-gbpusd-long/

As mentioned the trade was closed at 1.3918 since the 15-min candle fell below 1.3924.

GBP/USD in No man’s land of 1.3924-1.39

GBPUSD m15 (02-24-2016 2005).png

Will wait to see if the candle closes back above 1.3924. It it does, that would be a strong bullish signal. Shall re-enter long again then for tgt of 1.3963-1.3970. Stop again a tight one at 1.3913

I would go Short if the pair sees a 15-min closing below 1.3900..for a tgt of 1.3840 with stop at 1.3920

 

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