GBD/AUD 100% Retracement
100% retracements are great because that means you are taking the least mount of risk when entering into the trade. With price under the 200ema, this is a great short trade setup that has a great risk reward ratio. Once price reaches support, we can then continue monitoring price action to see if price continues with an inverse head and shoulders pattern.
Disclaimer
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.