GBPAUD, 8hr tf, sell on 61.8 retracment

As you can see price making a bearish pinbar exactly at 61.8 fibonacci level.
We might see price drop from this level so i am planning to sell it here.

Sell GBPAUD 1.8420
Stop loss 1.8470
Take profit 1.8200 (4.4R)

Use only 1-2% risk
Good luck
Bearish Pin BarCandlestick AnalysisFibonacciFibonacci RetracementGBPAUDgbpaudsellgbpaudsetupgbpaudshortpriceactionpriceactiontradingSupport and Resistance

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