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FoxCharts
Jul 26, 2020 6:19 PM

GBP/AUD breaking point 

British Pound/Australian DollarFXCM

Description

GBP/AUD is now under weekly trendline, also retested it and now there are 2 scenarios. Red one = Price stays below resistance and under trendline, we can expect more fall in price.
Green one = Price will break resistance, then we can expect price going back in weekly trendline and we can consider it as a fake breakout
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