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Jaytrade23

INVERTED HEAD AND SHOULDERS PROMISING A PUSH UPWARDS

Long
British Pound / Australian Dollar (OANDA:GBPAUD)  
Jaytrade23 Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Lines Head and Shoulders
2
1
trendline headandshoulders
Even though the left shoulder is still in consolidation, it is promising a beautiful push upwards with potential profit target of 1.88279 Patience should be exercised, however, in waiting for a confirmation pattern after break of structure
Comment:
Looks line the trade did not go as expected, moving down towards 1.71813 price to create a triple bottom or "W" Pattern, patience in waiting for the expected break upwards paid off by saving us from entering a wrong trade. I will be visiting it looking for a buy confirmation when the price when it reaches the above-mentioned price. If the trad does not work out then i will move on to the next setup
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