ClearEdgeFX

GBPAUD - 1H - APPROACHING TRENDLINE - BREAK OR BOUNCE?

FX:GBPAUD   British Pound/Australian Dollar
23 0 2
For those of you trading the Asian and European session this might be worth             keeping an eye on. On the hourly chart GBPAUD             is approaching the downward trendline . Strong bearish rejection will be a good opportunity to short, a clear break of the trendline on the other hand will present a good long opportunity of around 30-50 pips on an intraday basis.
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