GBP/AUD - Quick Short Position

Within the Handle of the Cup&Handle pattern, we've seen a retrace at 23.6% Fib. If price stalls at 61.8% and shows the right indicators, it could be a good position to go short before going long for the breakout. Watch the next few candlesticks closely, I'll keep you all posted.

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Kommentar:

price tested this area again and failed (1.70439) Could enter the trade again with the right indicators