GBPAUD has formed a 100 score Bearish Engulfing trade setup on the daily timeframe. This setup is confirmed by a very strong downtrend, a very strong Bollinger Band outbreak, and a significant engulfing candlestick. SL set at previous highs, TP set at previous lows.
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Currently +193 pips in profit.
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At the 78.6% fib retracement level, A bullish engulfing candle formed with a very strong Bollinger Band outbreak, I will watch the 4H chart and if I see a bullish impulse, I will take profits. If not, I will continue to hold.