GBPAUD is in a downtrend, and is forming a bearish gartley pattern. The D completion is just around the round numer - 1.70000.
1.272 fib ex. alligns with the round number, which is also good, if you're looking for a short.
Stops above X.
Targets are:
1st. .618 retracement of C-D
2st. If we are to reach 1st target, I will move stops to breakeven, and take off half my position. Now I try to see how long this short can go.
Happy trading
1.272 fib ex. alligns with the round number, which is also good, if you're looking for a short.
Stops above X.
Targets are:
1st. .618 retracement of C-D
2st. If we are to reach 1st target, I will move stops to breakeven, and take off half my position. Now I try to see how long this short can go.
Happy trading