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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.