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British Pound / Australian Dollar
Short
Updated

GBPAUD 4H

272
Price getting ready to complete its 5th wave down to the next level of daily support, where at that point I will look for a potential reversal. Price came back for a bit deeper of a retracement & is now rejecting a strong level of daily resistance / the 50% fibonacci zone.
Note
50% fib broken to the upside, waiting for further confirmation
Note
snapshot Last chance here, price must close on the daily below 1.73600 area
Note
snapshot evening star 200 EMA rejection plus a bearish engulfing candle forming, we may be in route to make new lows
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snapshot Sitting in nice profit : )
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snapshot beautiful pullback, & now a continuation to the downside target
Profound_Ambition
aussiedollarElliott WaveGBPAUDlowerhighlowerlowpoundrejectionSupply ZoneSupport and ResistanceTrend Analysis

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aussiedollarElliott WaveGBPAUDlowerhighlowerlowpoundrejectionSupply ZoneSupport and ResistanceTrend Analysis
Profound_Ambition

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.