GBP/AUD is moving in a downtrend, with lower lows (LL) and lower highs (LH). This is a break-and-retest setup. We can use the break-and-retest setup to anticipate the next move. We should analyze the chart using trend analysis and also apply Fibonacci retracement to this setup.
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.