GBPAUD is on trend reversal?
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GBPAUD is likely making a pullback. Should the market give us confirmation on the support zone, we can put a buy trade and take profit at the upper 1st zone and 2nd zone. There are several confirmations to consider:
1. Uptrend trendline is broken on H4 timeframe
2. Channel is confluence with H4 support zone and uptrend trendline retest
3. Inverted Head and Shoulder
However, if the candles close below the support zone, this will become continuation of sell trend.
1. Uptrend trendline is broken on H4 timeframe
2. Channel is confluence with H4 support zone and uptrend trendline retest
3. Inverted Head and Shoulder
However, if the candles close below the support zone, this will become continuation of sell trend.
Note
It came as expected and even break the 2nd resistance zone like a rocket.
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