SamKent
Long

GBP/AUD Long Setup Shaping Up

FX:GBPAUD   British Pound / Australian Dollar
154 0 3
The GBP/AUD             is currently at a point of interest for us as a potential buy-zone. We're looking at:

1. 61.8% retracement of the original move
2. previous Demand area
3. Stochastic looking to cross back from oversold reading
4. trading at the 100 SMA
5. Potential Bullish Engulfing Pattern
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