INVERTED HEAD AND SHOULDERS PROMISING A PUSH UPWARDS

Panjang

Paun British / Dolar Australia (OANDA:GBPAUD)

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OANDA:GBPAUD Paun British / Dolar Australia

Even though the left shoulder is still in consolidation, it is promising a beautiful push upwards with potential profit target of 1.88279 Patience should be exercised, however, in waiting for a confirmation pattern after break of structure

Komen:

Looks line the trade did not go as expected, moving down towards 1.71813 price to create a triple bottom or "W" Pattern, patience in waiting for the expected break upwards paid off by saving us from entering a wrong trade. I will be visiting it looking for a buy confirmation when the price when it reaches the above-mentioned price. If the trad does not work out then i will move on to the next setup

Penafian

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