by Kaci J, February 20, 2023
by tradergirlfx February 20, 2023
GBP/AUD
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H1
Table of Contents
H1
Fibonacci, support, resistance and trendlines
The dominant move is to the downside. Price did not complete the Fibonacci wave extension @ 1.71315. I could see the potential for a deeper retracement, to 1.76432 before a completion of the sell to the 1.71315 extension.
Enter on the pullback on the lower timeframe once there is a bullish break to the upside.
2% account risk @ 60 pip stop loss with 225 potential upside.
GBP PMI data – high impact
High impact AUD news tomorrow night
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orrect matching chart to the before photo.
Target reached. Trade closed out.