OANDA:GBPAUD seems to have completed a three wave corrective structure, and is ready for a downside impulse. Could move in profit very fast. A first target area would be represented by a retest of the downside base trend line, and a second potential target would be a retest of previous long term low. Updates on lower timeframes will follow. Trade with care and only with a tested strategy. Please don't forget to like us if you think our comments and analyses might be a useful complement to your trading.
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4hr timeframe: Wait for a flag to confirm downside impulse, and potential selling range given by the green area on the chart. Trade with care and only with a tested strategy. Please don't forget to like us if you think our comments and analyses might be a useful complement to your trading.
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Divergence in play, on the upside: look for sell setups.