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DIONNG

GBPAUD - BOUNCE OFF SUPPORT? HOW HIGH BEFORE RESUMING DOWNTREND?

British Pound / Australian Dollar (FX:GBPAUD)  
DIONNG Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Hey Traders, GA has been selling off lately but seems to have found support at 1.8970, a level respected back in July of this year. A bounce off this level to 1.9150/1.92500 would not surprise. However, caution with the buys as we are in a downtrend(1.8500 likely target). Watch price action around supply areas and trade accordingly.
DIONNG
Comment:
Traders, we may see this play out. Monitor price action at key levels around 07:00/08:00, and 12:00/13:00. Trade accordingly.
DIONNG
snapshot
Comment:
Hey Traders, price action for GA suggests we are going to test previous supply areas. Support held, price made a higher high, looking for a nice pullback coming into London session for a possible BUY. several scenarios can play out here. Remember, price action is king. Trade accordingly.
DIONNG
snapshot
Comment:
Traders, support broken Asian session. Monitoring price action 07:00/08:00. Looking for SELLS to 188.50(&/or short-term BUYS).
DIONNG
snapshot
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