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There has been a double top on the GBPAUD - Daily candles
Stop loss set above the double top level and take profit on the 50% FIB retracement at roughly 1.8430
Stoch RSI also suggesting downside
Entry order set for a BUY at 1279/78 which is the 61.8% FIB retracement level.
Stop loss set below 1275 with the first target being 1325 and 1375 in extension.
USDCAD has formed a TRIPLE TOP on the 4 hour candles. There is also a BEARISH engulfing candle.
Stoch RSI is signalling downside
Stop losses above resistance at 1.3340 and a target of 1.3230