DeGRAM | GBPAUD fibonacci inversion trade opportunity

550
GBPAUD is testing the support level. It created a double bottom. 

The market has printed an equal measured move AB=CD, where D completion is right at support level near the buy zone.

We expect a fibonacci inversion trade and a short-term pullback from support and dynamic support.


-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.