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GBP/AUD currency pair analysis


The general trend is descendant. The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Watch GBP/AUD online

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the pivot 2 of the wave С (1.7574).

Stop-loss is over the structure’s local maximum.

Target levels: 1.7405; 1.7183.

Author: GC
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