Currency Pair: GBP.AUD Time Frame: Weekly, Daily & 4hr Predicted Direction: Long
GBP.AUD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Comment
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Price now beginning to pullback and is one of the closest setups into this week. I do need to see a solid consolidation period so that we can get a 1:1 RR before the Weekly 50EMA.