linofx1

GBPAUD: Cup & Handle Pattern

Long
OANDA:GBPAUD   British Pound / Australian Dollar
Examining the price movement of 📈GBPAUD over a 4-hour chart, I identified a clear instance of a Cup & Handle pattern.

The price has successfully surpassed and stayed above a key level, indicating strong buying pressure.

I anticipate further bullish movement towards 1.9638. To enter the market, look for potential retests of the broken level.

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