GbpAud is approaching area of resistance at 1.79595. After seeing that sellers quit at a smaller timeframe it is reasonable to open a buy. Risk/Reward: 1.54 (However thare are big chances for the up trend).
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Be ready to open the trade soon.
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We expected reversal earlier and as you can see the seller can still hold the market down. A reason for seeing this as a buy is MADC that starts to going sideways, which means an opportunity for reversal, slowing down of the downtrend.
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Sellers are strong we do not recommend looking at this as a buy.
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