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GBPAUD Trade Setup: Bearish Channel
British Pound / Australian Dollar
Short
GBPAUD Trade Setup: Bearish Channel
By RaynLim
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Jun 2
1
Jun 2
GBPAUD has piqued my interest from a mid to long-term perspective. I'm looking at two potential shorting opportunities:
Key Levels:
- Short Entry on Resistance Retest: 1.9212
- Bearish Channel Indication: As long as this channel isn't violated, it strengthens the bearish bias.
I'll be looking for shorting opportunities on both the 4-hourly and 1-hourly charts based on these indications.
What's your trade plan for GBPAUD? Comment down below and share your thoughts!
Happy trading!
askforex100
Candlestick Analysis
candlestickpattern
combotrade
Descending Channel
GBPAUD
Parallel Channel
resistancelevel
Support and Resistance
supportandresitance
RaynLim
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