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GBP/AUD Potential Downward Movement

GBP/AUD Long-Term Trend: Bearish

Key Resistance Levels: 1.7694, 1.7767, 1.7886

Key Support Levels: 1.7495, 1.7378, 1.7298

Daily Chart:

The price on the higher time frame has started a downward movement after it faced rejection at the 1.8254 level. It broke a support level of 1.7995 and sustained below that. The pair has also broken another level of 1.7716 which shows trend continuation.

GBP/AUD Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 1.7886 and 1.7767 with good momentum. As of now the pair has broken and retested a minor level of 1.7694 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 1.7605

TP 1 @ 1.7504

TP 2 @ 1.7353

Stop Loss @ 1.7706

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.


  1. We should close or wait? Cuz it’s going up.

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