2nd and final tranche of sterling aussie (GBPAUD) position entered @ 1.4788

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Below is the 2 monthlys chart that shows the relentless downtrend of GBPAUD. We opened a swing long trade a week ago @ 1.4900 and today at the 2nd part (and final) of this trade @ 1.4780 to give us an average of 1.4840. Our target is $1.53 over the next few weeks.

The RSI movement just rising up from extreme oversold territory is our signal that the risk:reward is getting skewed even more positively in our favour


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