A possible new GBPUSD similar to a previous EURUSD setup

By | November 29, 2013

This GBPUSD setup is very similar to this EURUSD setup

Although the LH broke the 2 leg pull back swing low, it was still valid.

I think the key is that all 2 leg pull backs and LH must only last for a max of 1 bar (just like the EURUSD setup)

GBPUSD

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