Weekly Perspective (GBPAUD)

Hey Guys,
The pair tested the resistance trend line & made a continuation to the downside.The fastest moving currency is currently moving slow.But if we are in this trade we wont regret "This pair has huge potential to the downside".I hope you guys dont get bored reading the same stuffs.So i have a sell setups here look for continuation on the lower degree to grab this trade and be patient.

Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.

Good Luck...!!
Regards,
Growing Forex Team

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we are having an exhaustion on this pair & the corrective structure is about to get completed.

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Probably trying to make a pullback before dropping.Remember once it drops it doesn't give you a chance to manage your trades.It moves so fast.

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GBP pairs are big time downside.Its a waiting game now on this pair.Nice entry once we see a break of the trend reversal pattern and a correction on smaller degree.So guys don't just jump in the market rather than you can sell at the top or wait for correction.I would personally go with the conservative way not going too aggressive on this pair.

Comment:

Hey Guys,We got that drop we were expecting on all the GBP pairs.We had that trend reversal pattern formation on the top and we were expecting it to fall.We got that nice 700 pips move to the downside.If we see corrective pattern on the lower degree that confirms that its going down sell it.If you see move up and a correction to the upside buy it.Goodluck

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making a corrective structure and we are ready for the drop again.

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we never got that high on the previous post its a bigger correction coming.

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understanding the correction.

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sorry guys i posted the wrong chart

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understanding correction

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we sold this on the completion of C wave.