Looking for a Short on GBPAUD after a reversal patterns forms off of the 61.8-78.6 FIB & Trend line. I would like the Upwards Counter-Trend line to be broken for confirmation. However, if the Downtrend is broken we could see a deeper retracement to the 78.6 and to the major downtrend.
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Will look for double top at 100.00% and reversal off of Downtrend.
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Updated Idea is currently up 70 pips
Updated Idea is currently up 70 pips