GBPAUD was trading in expanding wedge , but it has breakout from the pattern on the downside. Considering expanding wedge a breakout on downside our first target on downside support line 1 and target 2 is support line 2 . One can trade on the short side from the current level with the target as support lines 1 & 2.

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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.