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Fxprotrader
Jan 2, 2017 7:44 PM

GBPAUD Great Level to Watch for a Sell Setup Completion Short

GBP/AUDOANDA

Description

Price in GBPAUD has been into a correction after an impulse to the down and is now heading towards a slide parallel of an active downsloping median line set. At the same level we also have the 78.6% fib retracement of the impulse, adding extra resistance to the level. Any sell setup completion at the slide parallel will be a high probability one and worth taking. I will update if any advanced pattern completes.
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