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British Pound / Australian Dollar

GBPAUD H4 Analysis

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The GBPAUD chart formed a butterfly pattern with a bearish potential. With the measurements done on this shape, we are confident of a downward movement. Furthermore, the AUD is gaining strength against other pairs, as we will show in other analyses. Hence, the trade would be executed as follows:
GBPAUD
SELL: 1.81500
SL: 1.82250
TP1: 1.80500
TP2: 1.79500
AnthonyAbiSaab
Chart PatternsHarmonic Patterns

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsHarmonic Patterns
AnthonyAbiSaab

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.