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GBPAUD: Classic Trend Following

Short
British Pound / Australian Dollar (FX:GBPAUD)  
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FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Wave Analysis pound poundsterling swing priceaction GBP GBPAUD fx trade
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18
trendanalysis chartpattern waveanalysis pound poundsterling swing priceaction gbp gbpaud fx trade
snapshot

GBPAUD reached a strong 4H structure resistance based on recent price action and 618 retracement confluence.

Bearish engulfing candle formation confirmed the strength of the underlined zone.

Now the price will most likely fall.

Goals:
1.77
1.756
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