GBPAUD, Daily tf, buy the end of retracement

16 Nis 2021

As you can see, we complete the retracement of this recent upwards movement which looks like rising wedge or leading diagonal in elliott wave.

We stopped exactly at 61.8 fibonacci retracement.
I am now going to buy this pair aiming for the potential rally of this pair.

Buy GBPAUD 1.7750
Stop loss 1.7680
Take profit 1.7960 (3R)

Use only 1-2% risk
Good luck