A Corrective Stucture On GBPAUD

FX:GBPAUD   British Pound / Australian Dollar
This currency pair is in a daily corrective structure which i'm expecting to break to the downside. The market is currently at the 61.8 Fibonacci retracement line of the impulse leg. I'm expecting a breakout, followed by a sell set-up which will give us a trade to the downside and if that happens I'm expecting the trendline to act as a support.

All comments and different views are welcomed.

Keep it simple.


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