GBP/AUD Might Tumble to the 1.7422 Level 🔨🔨🔨

💡 Trade Idea

📉 Sell Limit GBP/AUD @ 1.7634

🎯 Target Profit 1.7422

🛑 Stop Loss 1.7736

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:

The price was in a clear downtrend, but it posted a double bottom near the daily support (1.7423) which indicates a potential reversal. As per our analysis, this reversal might be a slight correction to the upside towards the 61.8% Fibonacci pullback and then a potential move downward to the 1.7422 mark.
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Risk Disclaimer: All trading ideas published by collegeofpips are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️