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TradewithDann
Apr 19, 2020 12:26 PM

GBPAUD SHORT Short

British Pound/Australian DollarFXCM

Description

as you can see gbpaud is currently in an uptrend

however i expect price to break the current uptrend then retest the trendline which will create a head and shoulder formation which is a reversal pattern.

if this happens, i then expect price to fall to the next support area which also is the 0.618 fib region.
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