#GBPAUD

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A long position would be initiated if the price could break the falling wedge pattern to the upside.
A short position would be considered if the price fails to break above the bearish channel's lower boundary and creates a lower low.

The trading scenario with the line arrow has a higher possibility of occurring.

Confirmations for the buying scenario:
    Bullish divergence in the 1H time frame. 4H RSX at the oversold (OS) area.
      Price testing an important daily support.
        This bearish breakout of the channel could be considered an overexertion with respect to the price level.

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        交易結束:目標達成
        Price has reached its bearish target.
        Long setup is still valid and we could look for a buying opportunities when price cross the buy setup line.
        ForexforexsignalOscillatorssignalSupport and ResistanceWedge

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