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DeGRAM
Dec 20, 2023 9:12 AM

DeGRAM | GBPAUD break and retest trade Short

British Pound/Australian DollarFXCM

Description

GBPAUD finally broke and closed below the psychological level at 1.88000 and completed the AB=CD pattern.

Price action made new low and lower close. Pullback is expected to the confluence zone where we have 38.2% fibo level and dynamic resistance as well as psychological level.

We expect a breakout pullback and continuation trade.


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Comments
DeGRAM
Good luck in the markets and may the profit be with you !
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