GBPAUD
the last pullback on this pair was a 61% fibo retracement. It is since 20 days ago through a channel going downside and it reached the 100% fibo extension level, wich was also an important support and now its having it as a resistance. I think it wants to reach the 161% extension level and break those marked supports to reach its last trendline, make a pullback and continue to go down.
Its not in the chart, but i traced a pitchfork alongside the harmonic and it touch exactly the middle level so its a bigger confirmation
Its not in the chart, but i traced a pitchfork alongside the harmonic and it touch exactly the middle level so its a bigger confirmation
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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.