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chriswbailey

GBPAUD Daily Retracement

British Pound / Australian Dollar (FX:GBPAUD)  
chriswbailey  
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD Fibonacci retracement uptrend continuation confluence
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gbpaud fibonacci retracement uptrend continuation confluence
Price is in an uptrend on the weekly TF, and is making HHs and HLs.

We could possibly see a bounce off the bottom trend line which is confluent with the 61.8 fib retracement area and a continuation of the uptrend.

This move is invalidated by a clean break of the bottom TL followed by a breach of previous HL.

Long on a break of the retracement CTL.
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