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FUNTRADER-Vera
Feb 27, 2020 9:05 AM

2702 GBPAUD waiting for signal to pull back for 900 +pips Short

FX:GBPAUD1W
British Pound/Australian DollarFXCM

Description

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This is a pair that is waiting for bear signal on weekly chart to sell.
GBPAUD might hit the channel upper line again to form a refelction point for correction.
At least that is what looks like for now.
The new weekly swing coud drop down 900 pips for a correction.
This may take weeks to finsh.

Good luck on this pair for a confirming signal on weekly chart later.
LESS IS MORE!
Trend AnalysisChart PatternsWave Analysis
Comments
Justin_Oyasaki
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I m thinking to sell GBP pairing..Thanks!
ahmedzahid2799
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Nice analysis.. So are you saying it can go back to 1.977xx again and it's better to search for entry there?
FUNTRADER-Vera
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@ahmedzahid2799, this chart is searching for entry to sell. Not to buy.
ahmedzahid2799
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@FUNTRADER-Vera, I know I am looking to sell too! I am asking do you see it going back to 1.977x and then a very long term sell?
FUNTRADER-Vera
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@ahmedzahid2799, Alright. We usually will check 4h chart to see any clues on the selling entry.
ahmedzahid2799
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@FUNTRADER-Vera, Ok I see.. Have you entered already or are waiting for the pullback to your entry point?
Vgirshman
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@ahmedzahid2799, at this point i see Possible retractment of around 1.967
ahmedzahid2799
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@Vgirshman, interesting.. lets see how it plays out.. do hope there is a good retracement so I can get a good entry to sell :)
Vgirshman
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@ahmedzahid2799,
Where do you think retracement will be
ahmedzahid2799
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@Vgirshman, i had 1.9716 marked out for retracement but not sure anymore..
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