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British Pound / Australian Dollar
Long
Updated

GBP/AUD - Cup & Handle

102
There's a smaller cup and handle pattern that resulted in the big boost that GBP/AUD had yesterday, I've spotted an even bigger one that engulfs the original pattern and it's due to breakout any time soon. I'm currently expecting a retracement to 50%-61.8% Fib levels(Handle) then a big push to 1.71719, a bit of struggle and a possible small retracement then a break through all the way to 1.78026. I'll keep you posted
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snapshot Handles forming really well
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snapshot Price retraced at 23.6% Fib, we can still get it on this trade when it breaks resistance, watch out for my next chart
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snapshot could be a small retracement before continuing down trend to 38.2%, could catch a couple of pips depending on the next candlestick
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snapshot Not quite the handle I was expecting but price has broken 1.71719, let's see where the candlestick closes.
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Price pulled back and hit my buy order, I'm now https://longhttps://www.tradingview.com/x/OmW9VAX8/
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snapshot 1.73658 is a place to look out for
ashddylan

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ashddylan

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.