FX:GBPAUD   British Pound / Australian Dollar
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8
GBP/AUD SHORTING OPPORTUNITY
Fairly good shorting opportunity depending on how this candlestick plays out.
- Downtrend
- Bearish engulfing
- 618 Fib level seems to be have held as structure resistance
- Down trend correction leg
- targets based on D point of the ABCD Pattern

As always Good Luck

Comments

Good spot. Got in as well. It broke lower and closed lower. Might see some retracement to 1.88 but overall we could get at least 1.8590.
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