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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