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LukeFagan

GBPAUD Possible retracement Short

Short
British Pound / Australian Dollar (FX:GBPAUD)  
LukeFagan  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis structure Fibonacci Retracement Engulfing Candle
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trendanalysis structure fibonacciretracement engulfingcandle
Since price acion's previous breakout to the downside and close below the 1.77600 zone Price action has now retraced back up and is currently retesting This previous support zone which now may act as a potential resistance level.

Price action has now seen a rejection at this level signing a possible continuation to the downside!
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