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Im looking for GBPAUD to drop lower for another 230 pips to complete the harmonic pattern and ABCD drive pattern. If market Shows Bullish Bias from my buy zone i will take a trade into my take profit zone at 1.7700
after this massive sell off market will pullback surely. It has fallen under downtrend channel resistance and will most likely come back to retest it. I anticipate the retest of it will have some spikes thats why i plan to enter order at $1910.00 If the trendline holds i will look to ride down to $1790.00
On a Weekly timeframe. EurUsd formed a triangle (2 triangles). I see eurusd on its way to form a Heads and Shoulders pattern. (bullish until 1.1925 hits)
On a Daily timeframe. The pair has breached descending trendline. currently waiting for it to retest back and shoot again. I see confluence on 50% retracement level aligning with the weekly resistance area.(same...