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bruzzese1
Jun 17, 2016 3:23 AM

GBPAUD Long off trend lines and 0.618 fib, waiting for pullback Long

British Pound/Australian DollarFXCM

Description

Price has broken minor trend line (purple) to the upside. Price has also tested the 0.618 fib retrace twice without breaking downward further.

There are a few major trend lines (red) which provide support. Please zoom out to see just how well respected these have been in the past.

There is also divergence on MACD and hopefully we will see more should the price pull back down for a time.

Entry: 1.909
S/L: 1.882
TP1: 1.951
TP2: 1.995

Thanks! Good Luck!

Order cancelled

Price took off without me!
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