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British Pound / Australian Dollar
Long

GBPAUD long

By kingmwenja
Updated
Hello traders, here is why I believe GBPAUD is due for longs;
Monthly

  • There is a bullish setup and the next major region on the timeframe is 1.9835
    snapshot

Weekly

  • Nothing worth noting
    snapshot

Daily

  • Bullish setup formed in the last 2 days
    snapshot

4 hour

  • There is a bullish setup since there are so many levels of liquidity that have been broken.
  • My thesis is that price will retest 1.9627 before going upwards.
  • This is because that is the region where most orders have been picked up and there is a lot of liquidity.
    snapshot
Trade closed: target reached
Price did not even retrace. It went straight to my targets
Chart PatternsGBPAUDgbpaudlongTrend Analysis

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