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remelthomas

GBPAUD 4 HR LONG

Long
British Pound / Australian Dollar (FX:GBPAUD)  
remelthomas  
FX:GBPAUD   British Pound / Australian Dollar
textbook pullbackbuy pullbacktrade pullback pullbacks fib fibo Fibonacci Fibonacci Cluster Fibonacci Retracement retacement buy Bullish Patterns LONG pound GBP (British Pound) aud aussie 382 Fibonacci Retracement 38.2 uptrend continuation Hammer Pin Bar Candlestick Analysis
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textbook pullbackbuy pullbacktrade pullback pullbacks fib fibo fibonacci fibonaccicluster fibonacciretracement retacement buy bullish long pound gbp-british-pound aud aussie 382fibonacciretracement 38.2 uptrend continuation hammer pinbar candlestick
TEXTBOOK SETUP. PULLBACK TO THE 38.2 FIB WHICH IS IN LINE WITH STRUCTURE LEVEL. AUD IS STILL FUNDAMENTALLY WEAK, THE CURRENCY NEEDS TO GO LOWER TO SPUR GROWTH SO PAIRING IT AGAINST THE POUND IS A HIGH PROBABILITY TRADE BECAUSE THE POUND IS THE 2ND STRONGEST CURRENCY AFTER THE DOLLAR. WE'VE HAD A TWEEZER BOTTOM AND SUPPORT FOLLOWED BY A HAMMER REJECTING OFF THIS LEVEL. FIRST TARGET ON THIS PAIR IS AT 1.9800
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