UPDATE: GBP/AUD can see that it is respecting a very very strong trendline below which has made several contacts. On the weekly/daily time frame, the market has retraced between the 61.8% and 71% area and shot past just under the -27.00% where there is another strong resistance/trend line. The candlesticks on the daily are showing a sign of reversal potentially up...
The Bull movement has reached the 0.61 retracement zone and formed a shooting star candlestick after successfully making a third contact with the trend line. Similarly, we can also see the counter trend line has been broken so we are set for SHORT in the smaller time frame looking for a possible target 1 at -27.00 (1.11588) and target 2 at -61.80 (1.10610).
The...
