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August 18, 2010 - GBPUSD London Trade

Hello Traders,

This is my trade for Wednesday August 18th. It is a classic London Trade on the GBPUSD. Price looked like it was forming a bottom at the beginning of the London Session. In addition, there were two long wicks at the bottom, possibly hinting that price will go up. Here is what happened:


The final result was a +2.9% gain on the account.




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