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The pair ranged for about 150 pips throughout the week and, unfortunately, the moves only led to valid signals that turned out to be fakeouts. Only signals 2 and 5 saved the pair from too many losses so by the end of the week the system lost 41 pips on the pair. Boo!
Like EUR/USD, GBP/USD was also in range mode for the whole week. The range is tighter this time around though, so it’s no surprise that there were more signals and more fakeouts. In fact, all of the valid signals turned out to be fakeouts, which led to a 139-pip loss for the trading system.
Fingers crossed for a better, trend-y week next week!
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