On the 4Hr chart for 
GBPAUD, we can see price has formed a Bearish Harmonic chart pattern called the Bearish 5 - 0 Pattern!
Fibonacci Retracements required to identify:
X - B = 1.13 - 1.618
A - C = 1.618 - 2.24
We can see price is currently working back up to point A which is the 50% Retracement target for Point D.
If price is successfully rejected here @ 1.90961, this will generate Short Opportunities!
GBPAUD, we can see price has formed a Bearish Harmonic chart pattern called the Bearish 5 - 0 Pattern! Fibonacci Retracements required to identify:
X - B = 1.13 - 1.618
A - C = 1.618 - 2.24
We can see price is currently working back up to point A which is the 50% Retracement target for Point D.
If price is successfully rejected here @ 1.90961, this will generate Short Opportunities!
Trade active
Trade closed: target reached
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Related publications
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.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Related publications
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.