DeGRAM

DeGRAM | GBPAUD Growth after correction

Long
FX:GBPAUD   British Pound / Australian Dollar
The currency pair has broken through the upper boundary of a very long and very wide consolidation.
If this breakout is true and after the correction and consolidation the instrument starts moving up, then this should be a very good movement, since a lot of energy has accumulated over the year.
I expect a correction to the upper border of the range, or a false breakout along the trend, or a slight consolidation on lower timeframes and further growth to at least 1.8554

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