GBPAUD recently experienced a fake out on the 4hr chart, which rejected back to the consolidation zone. However, the current trendline is on the verge of being broken, and once that happens, a bearish trend is likely to ensue, and we can take advantage of sells. It is important to keep an eye on the price action today or next week, as a break of the trendline could confirm the bearish trend.
Trade active
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Trade closed: target reached
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+5% :)
Trade active
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Reentered with a small lot. Since there is a lack of consolidation, trade at your own risk.