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remelthomas

GBPAUD LONG

Long
British Pound / Australian Dollar (FX:GBPAUD)  
remelthomas  
FX:GBPAUD   British Pound / Australian Dollar
GBP (British Pound) pound BOE aud aussie aussiepound australia australian LONG Bullish Patterns buy confluence Fibonacci Fibonacci Retracement fib uptrend Trend Lines continuation trendcontinuation 3rdtouch Fundamental Analysis long-term longterm longsetup Commodities commodity buythedips buyzone
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gbp-british-pound pound boe aud aussie aussiepound australia australian long bullish buy confluence fibonacci fibonacciretracement fib uptrend trendline continuation trendcontinuation 3rdtouch fundamental long-term longterm longsetup commodities commodity buythedips buyzone
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE END OF THIS YEAR OR IN THE BEGINNING OF 2016 WHICH LEAVES GBP THE SECOND STRONGEST CURRENCY AFTER THE DOLLAR.ON THE FLIP SIDE AUD IS BEARISH ALONG SIDE THE OTHER COMMODITY CURRENCIES SUCH AS CAD AND NZD. CHINA SITUATION IS ALSO WEIGHING DOWN AUD. FIRST TARGET AT SWING HIGH/2.12000
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