FAVOURING THE 61.8 LEVEL
... IF PRICE BREAKS AND RETESTS THE 0.62300 LEVEL, I WILL BE LOOKING FOR A 65 PIP DECLINE
GBPAUD SHORT FOR 195 PIPS
favouring the 61.8 level
... IF PRICE BREAKS AND RETEST THE PREVIOUS LOW @ THE 1.99000 LEVEL
Expecting a minor rally to around the 1.30940 point which is also the 2H 61.80% LH retracement level as well as the 3rd touch of the 2H trend line. Current formation of inverse head and shoulder on the daily TF.
Comparison of M15 and Daily TF
CADJPY SHORT FOR 100 PIPS (ON THE BREAK AND RETEST OF 81.150)
IF PRICE BRRAKS AND CLOSES ABOVE THE PREVIOUS HIGH, THE TRADE IS INVALID
XAUUSD SHORT FOR 380 PIPS