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GBP/AUD/USD Triad turning points


Mercury

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My medium term bias is for GBPUSD to rally and it has been an exercise in patience.  Recently I posted this Triad on the Daily and 4 Hourly charts and now the hourly charts are approaching a critical point I think.

 

GBPUSD has been shaping to rally for a while now and has rally signals and now AUDUSD is looking like a potential bear move back down, at least for a little while, is on the cards.  The third member of the Triad GBPAUD has been bearish for some time but now looks to be breaking a down-sloping diagonal to the upside.  All three fit for a GBP rally and AUD temporary drop.

 

Long GBP Short AUD.

 



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