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NoahXBorg

GBPAUD Multiple Confluence Sell

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Paun British / Dolar Australia (FX:GBPAUD)  
NoahXBorg  
FX:GBPAUD   Paun British / Dolar Australia
Supply and Demand Support and Resistance Trend Lines GBPAUD gbpaudshort gbpaudtrade gbpaudanalysis gbpaudsell gbpaudsignal gbpaudsetup gbpaudpattern gbpaudsignals
3
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supplyanddemand supportandresistance trendline gbpaud gbpaudshort gbpaudtrade gbpaudanalysis gbpaudsell gbpaudsignal gbpaudsetup gbpaudpattern gbpaudsignals
High confluence sell area with multiple confirmation:
- 61.8% Fib Retracement level
- Previous minor flip/supply & liquidity zone (Red Zone)
- Touch of bearish trend trend line
- Break & Retest of counter-trend line (Watch for bearish candlestick signals)
- Price has started to make lower lows and lower highs

Entry:
Wait for 3 or more confirmation with good bearish structure/candle

Take Profits:
- Main Take Profit points will be at 1.87500 & 1.87000 (TP2 & TP3)
- TP 1 is a conservative exit (Best to take partial profits and set SL to BE if there is good bearish momentum)
Penafian

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