#GBPAUD: Will price reverse to bullish, or continue dropping?

5 mag

GBPAUD fell further below our expectations in our previous analysis, but the price remains extremely bearish. GBP failed to hold on to its bullish momentum, leading the pair to drop 300 pips from our previous entry zone. Currently, price is trading at a key buying level, where we can expect a strong bullish volume to kick in the market and help us gain a nice clean bullish move. There are two areas for both entries. At the moment, you can use a small time frame to take any swing buy entry. Please ensure you manage your risk accurately before getting into the market.

Good luck and trade safely!

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25 mag

Trade attivo

420+ pips our first take profit hit successfully.