JakeSummers4x
Short

TCT with a 618 retracement into previous structure.

FX:GBPAUD   British Pound/Australian Dollar
It appears that all of the stars are aligning with this pair.

- bearish channel has been respected.
- 618 retracement has been respected.
- major resistance.
- hanging man candle formation.
- 127 extension targets align for impulse legs 2 & 3.
- targets align with previous major structure.

I am anticipating this to be less than simple as it's such an obvious trade setup, so be careful with ambitious stops
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