FX:GBPAUD   British Pound / Australian Dollar
There is a valid 2618 setup on this pair formed late on Friday. The volatility in the New York session last Friday caused this to setup without me entering the trade. I am very hesitant to be short GBPAUD             as we are in a strong uptrend, closing higher over the last 12 weeks straight. However there are always potential opportunities for countertrend moves.
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