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GBPAUD ANALYSIS (27 NOVEMBER 2020)

Story by : MRG Premiere
Category at:
Published : November 27, 2020

GBPAUD ANALYSIS (27 NOVEMBER 2020).


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Image: GBP / AUD H4 Chart

(GBP / AUD) On the H4 Chart, you can see that the current price movement is developing a Falling Wedge pattern, which is supported by a rejection in the support area, meaning that the price has the potential to bounce back up to the harmonic resistance area when there is a breakout.


TRADING STRATEGY:

BUY Stop in the area 1.0826

Target: 1.8186

Stop Loss: 1.8095


DISCLAIMER

Always pay attention to your money management, this trading idea is only for consideration, but trading decisions, risks, profits and losses are all the responsibility of each trader.