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13.08.2020 01:46 PM
GBPAUD is testing resistance, potential reversal!

Description:

Price is testing our first resistance in line with the trend line, 50% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level.

Trading Recommendation

Entry: 1.82457

Reason for Entry:

trend line, 50% fibonacci retracement and 61.8% fibonacci extension

Take Profit: 1.80843

Reason for Take Profit:

Horizontal pullback support, 50% fibonacci retracement

Stop Loss: 1.83255

Reason for Stop Loss:

horizontal swing high resistance

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
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