Short-term Trading Idea FX GBP/AUD – Bull Speculation: Expected Rebound to 2.13

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Trading opportunities for currency pair: a strong support from which the GBP/AUD managed to return to 2.0889 has formed. I’ll take a risk in saying that there’ll be growth to 2.13. Any growth above 2.1046 should tell you to hold off selling. A break through 2.0730 will see the rate drop to the trend line at 2.0525. Background: The last GBP/AUD idea I made came out on 14th September. The rate at that time was 2.1750. In September I looked at two scenarios. The first was a rebound (sticking

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