Welcome to our weekly market Breakdown ( GBPAUD )!
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1 HOUR
Sideways moving market with several pullbacks.
4 HOUR
market in consolidation zone and need a break below/above this level.
DAILY
Bearish market with a bullish pullback and pressure.
OVERALL
Expecting market to drop on monday/tuesday taking out several long holders
and changing direction to the upside with a pretty strong price action wednesday/thursday.
Will update you about everything once it happens.
Good luck
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Have a great week everyone!
ALAN