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⚡️The price is about to reach the .50 Fibonacci retracement level of recent high and low
⚡️It has trading within a falling channel
⚡️1.81300 level will act as major resistance for the bull...
- Price respecting our stress level.
- Since price is showing a lack in liquidity, we can still see a break to the downside.
- In case of a break, we might see a move until the 1.8000 zone.
- Preço a respeitar o nosso nível de stress.
- Dado que o preço está a demonstrar uma falta de liquidez, poderemos ver ainda uma quebra para baixo.
- Caso o preço...
- Daily we have a Buyers exhaustion with a Bearish engulfing formed
- 4HR we have broken support
- Also if you look on the 1Hr you can see a broken trend-line being tested
- Now we look for retracement to go short or even Long
GA looking like a nice sell setup, if you're not in this already look for retest of the purple box area, and rejection on the 15 min time frame. Looking like a nice opportunity to sell around this area due to the fact it is rejecting the fib levels we look out for as well descending trend line and rejection of the EMA.
Take partial profits at the given levels....
GbpAud looks to bearish as far as the price continues to remain below 1.8300 mark minor bullish trend line broke and retested the 0.618 fib retracement and heading towards
1.79067 in the short term and below 1.786 in the long term.
Just publishing late:
This pair have been consolidating since last week, will not take this trade until it breaks out from it's consolidation period. However, I do expect price to breakout to the downside.
its simple, this has a very good risk 2 reward ratio.
i am expecting this GBPAUD pair to drop soon. dont miss it.
See previous analysis
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