FX:GBPAUD British Pound/Australian Dollar
Inverse formation on the Daily TF which we have just completed the RS and are currently in the BUY ZONE. Upon the break of what was acting as a previous support (now resistance) of 1.70525 I will be looking for a long entry. Most likely looking for a break above the 23.6 fib. Just over 2:1 R:R Ratio, will keep my eye on this as the day progresses.