Potential Bullish and Bearish Setups

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This week, GBPAUD introduces an element of confusion into the FX market.

On the Daily Chart, two opposing trading setups vie for attention. There's the Bearish Flag Pattern, offering a shorting opportunity, yet simultaneously, a Type2 Bullish Fib3 Bat Pattern emerges. With the right filter, one can discern which trading setup is likely to be the more profitable choice.

For those inclined towards a shorting opportunity, the Bearish Bat Pattern on the 1-hourly chart presents a viable trading opportunity.

Now, it's decision time. What's your pick? Your insights matter. Please share your perspective below!

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