According to the chart of H4, GBPAUD formed the bearish engulfing candle, which is a pattern of a reversal, on the auto Fibonacci retracemet we can all see a clear indication of a retracement on the pair.
ENTRY @ 1.98912
STOP LOSS @ 1.99200
TRAGET @ 1.96100
ENTRY @ 1.98912
STOP LOSS @ 1.99200
TRAGET @ 1.96100
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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.