I am expecting higher, high points to form on GBPAUD since there's a small, uptrend on the lower timeframes. It has been bouncing up and down since the market opened this Sunday. On the daily timeframe, the full retracement from the previous, bullish trend hit the 88.6% level. It is currently rejecting the 78.6% level and some confluence areas.
Commentaire
Price is still rejecting the 78.6% Fibonacci level from the daily timeframe that I have marked off.
Commentaire
The trade was successful.
Trend Analysis

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