GBPAUD shows nice confluence around 1.8060-70 for a fresh short trades. In that case stop is 8090 and we should try to exploit so called "fading the strength" move. Intraweek fibs and trendlines ( which have been broken) suggest a pullback towards H5, 38.2 , previous support-resistance breakout retest ( marked with orange ). Target is the ascending trend line which is thrusting L4 ( green line ). Deeper pullback in this case to above mentioned region could give us nice r:r.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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