We can see here GBPAUD has made new lows, broken the long term trend line and rejecting at the resistance zone to find confluence with the 38.20% Fibonacci level giving a sell indication.
Confirmation for trend reversals:
Trend line break
Support/resistance break and retest
Fibonacci level retest 38.20% - 61.80%
Confirmation for trend reversals:
Trend line break
Support/resistance break and retest
Fibonacci level retest 38.20% - 61.80%
Trade active
Trade active:
Target 1 hit
+350 pips
+350 pips