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GbpAud is going for Long 1H

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Paun British / Dolar Australia (FX:GBPAUD)  
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FX:GBPAUD   Paun British / Dolar Australia
Trend Analysis GBPAUD Technical Analysis
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trendanalysis gbpaud technicalanalysis
GbpAud is approaching area of resistance at 1.79595. After seeing that sellers quit at a smaller timeframe it is reasonable to open a buy.
Risk/Reward: 1.54 (However thare are big chances for the up trend).
Komen:
Be ready to open the trade soon.
Komen:
We expected reversal earlier and as you can see the seller can still hold the market down. A reason for seeing this as a buy is MADC that starts to going sideways, which means an opportunity for reversal, slowing down of the downtrend.
Pesanan dibatalkan:
Sellers are strong we do not recommend looking at this as a buy.

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ForexCoaster
GBPNZD Active short at 1h.
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