A clear trend reversal looks to be taking place on GBPAUD. On th
A clear trend reversal looks to be taking place on GBPAUD. On the monthly time frame, the pair has failed to successfully breach the 0.5% retracement area, and it is evident by the deformed double top that a reversal is inbound. Two entries with two different take profits are required. One Tp for 1.86 and the other swinging even further down to 1.82. My entry for the short is based on my belief that a retest on the 0.5% retracement level is needed before a push down.
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