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JaceFX
Jul 13, 2020 7:00 AM

GBPAUD Trade Analysis for Long Position Long

British Pound/Australian DollarFXCM

Description

GBPAUD Trade Analysis for Long Position

GBPAUD break above double bottom neckline

25th June - Price break lower low shows that bearish bias still in control

7th Jul - First price rejection near 1.78950

7th July - six continuously bullish candle showing potential bullish reversal

8th July - Price break above neckline 1.80656

wait for price pull back to neckline zone and enter long position

Disclaimer
The content on this trade analysis is subject to change at any time without notice.
Any information provided here is only the personal opinion of the author.
This information is intended for educational purposes.
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