GBPAUD reacting below descending trendline resistance. Prices might push down towards 1st support in line with horizontal swing low support as well as 100% Fibonacci extension. RSI is also facing bearish pressure from descending trendline resistance.
Trading Recommendation
Entry: 1.80259
Reason for Entry:
78.6% Fibonacci retracement, Descending trendline resistance
Take Profit: 1.79303
Reason for Take Profit:
100% Fibonacci extension
Stop Loss: 1.80612
Reason for Stop Loss:
Horizontal swing high resistance, 78.6% Fibonacci extension