British Pound / Australian Dollar

Long

GBPAUD (1H)

Updated

. 'W' Pattern formation in process

. Double bottom providing support

. Expect price to move up

. However price may break support and continue down

Note

Price needs to break 1700 zone for confirmation of bullish movement

Note

My apologies, previous comment referred to xauusd.

Note

Price is consolidating

Note

support broken, bearish movement

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