GBPCHF Bursting Higher Off Lows, How To Trade It

Hey Traders,

UK Jobs employment data came out this AM UK time. This has risen the GBP value on changing rate easing rhetoric, which is interesting as we rise to key levels long term within the down-trending market.

Here's how to handle it.

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Light shorts.

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Maintaining bias.

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Exit shorts for gains.

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No longs until lower @ key support.

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lock in long gains.

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Exit longs.

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Re long areas reached.

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Exit longs for gains intraday.

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Reasonable Re-short areas (light).