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GBP/USD: Simple Trading Tips for Beginner Traders on February 5th (U.S. Session)
Trade Analysis and Tips for the
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Trade Analysis and Tips for the British PoundThe first test of the 1.2501 level occurred when the MACD indicator had moved significantly above the zero mark, limiting the pair's upward potential. For this reason, I did not buy the pound. The second test of 1.2501 happened shortly after, with the MACD in the overbought area, confirming a correct entry point for Scenario #2 (sell trade). However, the pair did not decline, leading to losses.Despite mixed services sector data from the
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Jakub Novak,
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