GBPAUD Retest Neckline, Reversal off .382 & .618 Fib Confluence
Price was rejected at 1.84500. This is why 1.84500 is an extremely significant level of rejection:
1) This C level correlates precisely with the .382 retracement of the AB Impulse Leg
2) This level correlates precisely with the .618 retracement of the Impulse Leg
3) This level is a perfect retest of the broken Head and Shoulders Neckline.
4) This level is also surrounded by a strong area of structure (highlighted in yellow)
Best of luck traders!
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See my recent GBPAUD Posts Below:
1) This C level correlates precisely with the .382 retracement of the AB Impulse Leg
2) This level correlates precisely with the .618 retracement of the Impulse Leg
3) This level is a perfect retest of the broken Head and Shoulders Neckline.
4) This level is also surrounded by a strong area of structure (highlighted in yellow)
Best of luck traders!
Please support my page by Liking, Commenting, and Following me. I really appreciate the motivation!
Contact Me:
Telegram: @AidanMDang
LinkedIn: www.linkedin.com/in/AidanMDang
Or simply send me a message on Tradingview!
See my recent GBPAUD Posts Below:
Comment:
Target 1 Reached.
Trade closed: target reached:
target 2 reached
