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Fxprotrader
Apr 5, 2016 10:11 AM

Buy Opportunity in GBPAUD Long

FX:GBPAUD240
British Pound/Australian DollarFXCM

Description

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Price is moving is a falling wedge, and is testing the upper trendline. A breakout will probably signal a buy setup, but first we should wait for a consolidation above the trendline. A divergence with MACD makes this scenario a high probability one.
GBPAUDwavetheory
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