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darcsherry
Apr 11, 2022 9:58 AM

GBPAUD | perspective for the new week Short

British Pound/Australian DollarFXCM

Description

Despite the obvious, that price action is currently sitting on a strong demand zone; I shall be looking for an opportunity to sell the Pound against the Aussie in the meantime if the price does not break out of the structure explained in the video.

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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Past performance is not necessarily indicative of future results.

Trade active

70pips running in profit, we want to lock some profit at this point

Trade closed manually

with some profit
Comments
sagetarian
Great breakdown. I have a similar feeling but great presentation and clear breakdown.
darcsherry
@sagetarian, Thanks for the compliment. Let's keep our fingers crossed and watch how price action evolves. Good afternoon to you
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