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GBP/AUD Multiple setup opportunity GBP/AUD is inside of a symmetrical triangle formation. You could issue a scalp buy after the break and retest of the descending trend line, as it will try to reach the longer term descending trend line. Once Price reaches the primary descending trend line, you need to wait and see if it fails to break through on a 4hr time frame. In the event it does break through, wait for a retest on a 4hr time frame, after the retest confirmation issue your buy and hold for at least 50 pips.
by NEXT_LEVEL_ENTREPRENEUR
Weekly Technical View - Platinum Only a break higher above 1185 or out of the long term down trend line will be sufficient for the bulls to retake control. Short in this sellers market. Price continue to trade below the 20 WMA which is now sitting at 1180. Our stance remains the same here, Platinum to have a corrective rally as long as it trades within the triangle - creating higher low and lower high. As long as it trades within the long term downtrend line, we will not go long.
XShort
by sugardaddyFED