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Gbpaudanalysis

GBPAUD – Range play for the week of 04 July, 2022Preceding trend – bearish Current price action – Ranging/Consolidation The range is well established and taking a short at its top would be in line with the major trend. A trend continuation leading to larger gains cannot be ruled out either. For an entry signal I will be looking at price action on H4 and H1 time frames. Extending the target will depend on how I see the strength and momentum with the bears. For now, I will be targeting the range bottom. If this setup works out as per above, we have the potential for a +3R trade. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista
2
There are significant changes to Gbp/Aud today.There are significant changes to Gbp/Aud today. if yesterday's analysis showed that there was an indication that the price was at strong support, the added kumo cloud indicated an indication of increased buying volume, but today the kumo cloud indicates a significant selling movement and the price is possible to break through the support (blue box area) we will wait until the end of today to see the end of the candle whether it can go through support.
by Hokusai_FX