FX:GBPAUD   British Pound / Australian Dollar
From the Charts, we can see a perfect Fibonacci play with this pair. Looking at this pair we can see that latest the previous day's candle closed around the 78.6% region of the fib, then the following day bounced back down and closed below the 61.80% region. As we can see price also failed to cleanly break and continue the monthly region of 1.80000. From the Trendline, we can also see that on the daily, there was in fact 4 taps of the trendline, and when we do our top down analysis we can see that on the 4hr it failed to break above the trend line as it just tested the trend line . If we look at the candlesticks we can see that from the rejection of the 78.6% region there was Double Tops/ Tweezer Tops that were created. TP set at 1.74785 and SL set at 1.80585 (480 TP/100 SL) RR= 1:4.8


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