**DISCLAIMER** I do not know what I'm doing, this is purely for entertainment purposes from the perspective of the audience; however, educational purpose from my own perspective if constructive feedback is given. Thank you.
Fibonacci retracement taken from the X point to A point price action wicks above 0.618 without closing past it forming the B point.
From the...
Recent bounce to the downside off of the Weekly downtrend that is formed from December 2017 and June 2019 and price was rejected by the 61.8% Fib Level.
On the 4hr time frame GBPAUD has painted part of a Bearish Bat Pattern.
If we get a completion of the pattern by price reaching the D point be on the lookout for reversal patterns, perhaps on a smaller time frame (30m though I prefer to check the 1hr) before entering the trade.
