RicardoZuniga

GBPAUD approaching a nice selling zone

Short
FX:GBPAUD   British Pound / Australian Dollar
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4
100% fib extension plus 61.8% retracement confluence making it a nice area for a short position as this pair shows divergene plus ABCD pattern completition.

Comments

I like the idea. It took me a little while to figure out that you put the 50 fib near the 1.71 level to call it the 100 the extension. I would have put the 100 at the near 1.71 top and called around 1.727 the 200 extension. But that's the same really. But 100 isn't really an extension. Nicely spotted!
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