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GBPAUD Set Up for a Massive Decline
GBPAUD is making a series of (i)-(ii), i - ii, wave pattern which usually leads to subsequent decline.
On the higher timeframe, price is sitting at a key resistance level that lined up with 50% Fibonacci retracement of the weekly decline.
Price has the potential to sell-off from or near the current level and should not breach at least the major invalidation level indicated on the chart to remain valid.
What's your thought about GBPAUD? Kindly let me know in the comment.
Thanks for reading!
Veejahbee.
On the higher timeframe, price is sitting at a key resistance level that lined up with 50% Fibonacci retracement of the weekly decline.
Price has the potential to sell-off from or near the current level and should not breach at least the major invalidation level indicated on the chart to remain valid.
What's your thought about GBPAUD? Kindly let me know in the comment.
Thanks for reading!
Veejahbee.
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