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GBP/USD Day Trade Short – Smart Money Trap Move

March 13
06:02 2012

Here was a nice live forex trade setup on the GBP/USD from Monday after the Asian accumulation. It looked like there was a longer term market reset which got me believing the market was again headed down for another smart money push.

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That is exactly what we got. Although the levels are a bit unclear right now the manipulation out of the Asian accumulation was quite clear. This gave us a strong indication that the banks were trading the GBP/USD short.

Happy Trading,

Chad

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