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Gbpauddaily

GBPAUD - Look for Continuation Long (SWING) 1:6!Price is currently consolidating and forming a symmetrical triangle on the HTF. The price action indicates a failure to create a new low, respecting the HTF bullish trendline. However, this could change when the US Session opens, with a possible breakout influenced by the PMI USD news. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
5
EURAUD I The Perfect Trade Set Up for This Week! Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
13
GBP/AUD - break from weekly trend channel and completed retestGBP/AUD has been moving within a weekly ascending trend channel since early 2017, apart from a few dramatic exits during the Yen crash in early 2019 and the intial Covid-19 spike, but even after these instances price returned inside the channel. We can now see a clear break of the trend channel to the downside and also a possible completed retest of the lower channel boundary. Price appears to be pushing from this boundary, and with further bearish momentum we would be looking to take shorts on this currency pair, with the target of having price return firstly to the July low of 1.773 and then onwards to 1.744.
Short
by TheForexFellows