Looking for a Short on GBPAUD after a reversal patterns forms off of the 61.8-78.6 FIB & Trend line. I would like the Upwards Counter-Trend line to be broken for confirmation. However, if the Downtrend is broken we could see a deeper retracement to the 78.6 and to the major downtrend.
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Will look for double top at 100.00% and reversal off of Downtrend.Note
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Updated Idea is currently up 70 pips
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.