Bearish prediction for GBP/AUD pair. After rebounding from level 382 of fibonnaci level, failed to cross 1.69 price. Previously failed to cross 1.70 level, which might indicate rejection of 1.70 and 1.69 prices on a descending channel.
Short entry below 1.68707 and TP around 1.66 level, below .50 fib line and above .618 level.
Trade closed manually
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GBP crossed 1.69 approaching 1.70 price. Short has been closed and turned bullish. Excellent buy price now !