GbpAud has been well performing in the previous week by seeing a 200+ pip movement in the previous weeks before. But now the bullish rally seems to loose strength by failing to form new structure highs and instead form a rising wedge pattern that indicates a downward move. By the way the movement has began and we can see the first leg printed.
I will be looking for entry opportunities after the retreacement bounce at the .382 where price will be at 1.83298.
This is a swing trade and hopefully will hold for few days to come .
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