GBPAUD - Bearish Trend
GBPAUD - A descending channel is formed and with RSI in the neutral zone, bearish trend will potentially continue. Entry can be taken at the current price which has confluence of Fib level 0.618, Descending Channel upper trendline and bearish engulfing candle. Stop loss is at the previous Lower High, TP1 at 1:1 Risk Reward and TP2 at 1:2 Risk Reward.
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