Currently, GBP/AUD is trading at 1.7848. The pair is trading in a downtrend and just entered into its support zone, It can touch the bottom of its support zone and then rebound back to start a new uptrend. The pair might form a cup and handle patterns after it rebounds back from the bottom of the support zone.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat