FX:GBPAUD   British Pound / Australian Dollar
Bias is bearish on GA. Expecting price to fall to to 1.88000 for my 1st overall TP. I have multiple confluences on this trade . Price broke daily structure taking out the lows then created a pull back to my fibonacci retracement level(61.8) and is creating a lower high. We also have a Doji daily candlestick followed by a shooting star daily candlestick. I think price will break through 1.18800 and hit targets of 1.86700 but be aware that 1.88000 has held firm as support if you look on 4hr/daily Time frame.
Disclaimer

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.