11 September 2015, GBP/USD
Traders trading this pair should observe closely other pairs such as GBP/CAD, and GBP/HKD for positive correlation.These pairs have had a strong positive correlation of up to +0.95 during the previous business day, this correlation is expected to continue. Thus, only buy or sell the pair if at least half of these pairs are giving the same signal.
Wait for the current wave to rally downwards and close at the 38.2% fib level, then buy. Alternative buy above 50.0% fib level.
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