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chriswbailey
Feb 2, 2015 4:47 PM

GBPAUD 4H Retracement Long

British Pound/Australian DollarFXCM

Description

Price has fallen, after breaching the previous high, back down to retest the resistance-turned-support level, also confluent with the 50-61.8 retracement level.

GBPAUD has respected fibonacci levels throughout it's uptrend across all 4H+ time frames.

Long from the new level of support.
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