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British Pound / Australian Dollar
Updated

GBPAUD LONGS - RANGE TRADE

86

  1. GBPAUD has found support at the 2.0000 zone, this is in confluence with the price stabilising above the weekly 100MA.
Given this areas level of strong support I am anticipating buyers to enter the market with TP 1 @ 2.012 & TP2 @ 2.01800 if the range is completed with the expected buy pressue
Trade closed: stop reached
closed early it seems like this support level will no longer hold and the pair is heading lower. Will see how this plays out
BillionsFx
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audChart PatternsGBPGBPAUDTechnical IndicatorslongspoundrangerangetradeTrend Analysis

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audChart PatternsGBPGBPAUDTechnical IndicatorslongspoundrangerangetradeTrend Analysis
BillionsFx
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.