GBP/AUD 1.80 TARGET!
Weekly: We have had a extreme bullish engulfing candle. Taking the higher time frame into considerations we want to look for hpt (high probability trades) which are bullish. Stepping into the daily time frame we have a valid fib from the previous higher low to the current higher high. I expect this pair to head higher to the 1.80 level. A good entry would be a pending order at the 50% however a more conservative entry would be a break and retest of that counter trend line.
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