• Vasily Trader

GBPAUD: Key Level & Confirmation

Hey traders,

GBPAUD is approaching a major daily demand area.

1.875 - 1.8785 is our potential reversal zone.

To catch a pullback from that structure,

I need a bullish breakout of a falling wedge pattern on 4H. (at least 4H candle close above its resistance)

Then I will buy with the following targets:



Remember, in case of a bearish breakout of the underlined yellow zone the setup will be invalid

and further decline will be expected.

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