Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPAUD
I still did my best and this is the most likely count for me at the moment.
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✔️GBPUAD is expected to fall
✔️Recommended to consider Selling from the balance and premium level 1.2770 & 1.2840 Zone
Now try to move down with new Sellers.
⚠️SELL the TOPS!!!
This Pair is retesting on the mothly time frame. and we are expecting the price to retest to 0.381 of the fibonacci retracement level which is 1.84866 and it is our target. But we shall wait until price crosses or break the trend lines before entry.
Price is approaching our first support (horizontal swing low support, 100% Fibonacci extension) where a strong bounce to our major resistance (38.2% Fibonacci retracement) might occur. Stochastic is also approaching support and we might see a strong bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please...
