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Murci

GBPAUD LONG

Long
British Pound / Australian Dollar (FX:GBPAUD)  
Murci  
FX:GBPAUD   British Pound / Australian Dollar
4
0
Weekly reversal play. Daily overextended bearish run needs a pullback. I am playing the intraday inversed H&SH pattern, targetting the next 1.618 fib extension, but if I see enough momentum after EMAs are broken to the upside I will consider holding this trade to previous weekly highs.

A break below the 4H50EMA making a Lower High on the daily time frame may invalidate this trading idea.
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