rt111

GBPAUD - Potential short / Head & Shoulders

OANDA:GBPAUD   British Pound / Australian Dollar
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Pros:
- M: ascending wedge with 1.87331 as resistance and this line has been hit.
- Daily RSI is about to get into Sell Zone
- 2h: Price broke inner up trend line
- 2h: RSI is half way up to Sell Zone

Cons:
- Unless price broke Monthly resistance and rally for 2h Fib 1.618 D extension target
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