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GBPAUD

Por wedidmakepipsbro
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Hi there fellow traders! My view on GBPAUD is bearish, I believe the market is creating Lower-Lows & Lower-Highs, which can also qualify as a 5 wave Elliot pattern. Looking closely at the 4H chart, we may have a achieved a broken trend line with a possible re-test as Resistance. GBPAUD can go as low as hitting our (support) trend line (this may be as our second target). Good luck.
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snapshot

It is important to protect your profit since the market is running into a major resistance.
Comentário
Support, not Resistance.
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Target achieved, price may still go as low as hitting our support trendline.
Chart PatternsTrend AnalysisWave Analysis
wedidmakepipsbro

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