rishililawat5

GBP/AUD Technical Analysis.

Short
FX:GBPAUD   British Pound / Australian Dollar
Currently, GBP/AUD is trading at 1.7848. The pair is trading in a downtrend and just entered into its support zone , It can touch the bottom of its support zone and then rebound back to start a new uptrend. The pair might form a cup and handle patterns after it rebounds back from the bottom of the support zone .

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

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Thank you,

Rishikesh Lilawat

Comments

great setup, thank you for sharing.
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rishililawat5 ProjectSyndicate
@ProjectSyndicate, Thanks for comment mate.
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