On our market watch today is the GBPAUD. As always we have used ourtop-down trading technical analysis to determine key price action levels for trade entry. The pair is being rejected by the strong long-term horizontal resistance on the H4 chart 1.8270 for the second time and is pulling back in a rising wedge formation (usually bearish).
Trade entry: sell the pair at the current levels with the SL above the 1.8270 level targeting 1.8000 level first and in case of the break below this level further downside continuation.
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