Current Trend Short

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Been following GBP/AUD being it's the only pair I do trade. Short started from a week view point around 1.97
Tested a very strong weekly support that had bounce out multiple times. Reversed to an uptrend looking to go go long. Fakes out and continues for a short causing a current downtrend using the 4HR charts, where it goes, possibly to retest a weekly support once again around 1.91536. If that breaks, we could see levels to short towards 1.9070 to complete a weekly short. From there we can start looking to longs, but not quite there yet.
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I would highly recommend staying away at the moment being we are close to a cross road where you will be tossed by market makers. Beware. If you do, play with caution.
Ghi chú
Would not recommend taking short a short position at current prices, wait for confirmation first and enter.
Chart PatternsTechnical IndicatorsTrend Analysis

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