We had a Head & Shoulder formation on the GBPAUD broke the neckline and retested, we have a larger retest of the neckline, we also have a potential bearish wedge forming, im anticipating a break of the support line of the wedge where there will be a lot of sell orders, in order for me to go short on this pair i wait for a retest of this level and treat it as resistance .....My Take profit will be on the next structure low.
Comment:
Trade set up invalid no entry.
