GBPAUD LONG 4 HR BREAK AND RETEST TRADE SETUP

A big potential on GBPAUD LONG, as the 4 hr chart formed a Double bottom @1.6030, strong
support, broke above strong resistance trendline, looking for a higher low @ 50 EMA, 0.382s
fibs, and pivot to go long, Massive MACD Divergence.

Target 1: 1.6400 (4.6% Profit)
Target 2: 1.6700 (10.6% Profit)

Thank you for your support and feedback.

Trade: #33
Date: 03/10/2017
Time: 03:00 GMT

Trade active:

Here are the other time frames:

Trade closed: stop reached:

Price broke down support of 50 EMA, 0.618 fibs, and 1.6140 support line, 1% loss.