Price is showing a lot of pressure in its 140 pip consolidation range, after its previous strong bullish engulfing candle bouncing off weekly support, showing that price may be ready to reverse its trend. Watch for a clean break of daily resistance ..
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snapshot 4 hour: Or a break of 1.74 on this time frame & retest rejection could set up some nice buy opportunities
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snapshot Target one reached
aussiedollarbreakconsolidationEngulfing CandleGBPAUDpoundpressureretestSupply and DemandSupply ZoneSupport and ResistanceTrend Analysis

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