Seeing this opportunity on GBP/AUD. Price currently rejecting the fib 61.8 level, which aligns very well with previous resistance from 10-11th February. What pa has done in the past day or so is take our the stop loss from short positions placed around 10-11th february. Now expecting to see a followthrough and price to hit the previous daily support level of 1.7723 which in itself aligns with fib extended profit taking level.
Beautiful rejection of the 61.8 fib and 1.7950 level on the 1h chart.
Beautiful rejection of the 61.8 fib and 1.7950 level on the 1h chart.