Overall I'm bullish on GBP and AUD but this trade does hit quite a few confluences.
Confluences:
- Rejection of blue box and 78% fib
- rejection of 8Hr EMA
- TP lines up nicely with next area of support
- break out retest of previous upward trend
Confluences:
- Rejection of blue box and 78% fib
- rejection of 8Hr EMA
- TP lines up nicely with next area of support
- break out retest of previous upward trend
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