small wedge breakout, possible retrace

FX:GBPAUD   British Pound / Australian Dollar
70 2 1
resist area formed with reversing patterns, expecting 38 or 50 percent fibo level test. Stochastic in overbought area.
Daily 50 MA reached:
watching 30/60 min for next step in
itaskar itaskar
bear engulfing in 30min
but daily close above potential res area, so no more trades in here.
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