GBPAUD in the narrow falling wedge
GBPAUD is testing the long-term channel support and falling wedge support after the ABC correction of the strong upside swing. A bounce off the 1.8000 is required for the upside reversal. A daily close below this level is required for the downside extension. We need to see price action confirmation for a clear long entry.
Note – Look for the long trade entries with the stop loss below 1.8000.
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