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British Pound / Australian Dollar

GBPAUD TRADING STRATEGY

By AbhilashHazarika
On the weekly chart we can see that after an uprun of 1400 pips GBPAUD is retracing, taking rest. Though it has slipped below the weekly support of 1.8670, still we saw some price rejection from below. Therefore, If price goes up from here and and start trading above the safe zone of 1.8670, we can BUY with an SL below the support. [Wait for 4-8hrs if it starts trading above 1.8670] TARGET: 350-400 pips
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AbhilashHazarika
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