GBPAUD is trading at a very crucial support zone . We might see some bounce back from the current level because of the price level at very near to the support zone level. One can initiate the trade at this price level for short term on long side with a stop loss just below the support zone . But once the support zone 1 breaks, we might see further downside towards the support zone 2. One can take advantage of this price level for trading as levels are very important for GBPAUD .

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.