As you can see, we complete the retracement of this recent upwards movement which looks like rising wedge or leading diagonal in elliott wave.
We stopped exactly at 61.8 fibonacci retracement.
I am now going to buy this pair aiming for the potential rally of this pair.
Buy GBPAUD 1.7750
Stop loss 1.7680
Take profit 1.7960 (3R)
Use only 1-2% risk
Good luck
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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.