We can see its now going into consolidation. Price has already bounce off the down trendline creating a lower high.
Looking for an entry at the 23.6% fibo to go short. Expecting the lower trendline to be broken as we target TP at 50% fibo.

Let's keep the technical simple and easy for all to understand.

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FibonacciGBPAUDgbpaudshortSupport and ResistanceTrend Lines

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