We can see here GBPAUD has made new lows, broken the long term trend line and rejecting at the resistance zone to find confluence with the 38.20% Fibonacci level giving a sell indication.
Confirmation for trend reversals:
Trend line break
Support/resistance break and retest
Fibonacci level retest 38.20% - 61.80%
Confirmation for trend reversals:
Trend line break
Support/resistance break and retest
Fibonacci level retest 38.20% - 61.80%
Trade active
Trade active
Target 1 hit +350 pips
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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.