GBPAUD SHORT

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GBPAUD - SHORT

What are we expecting?

- GBP Weakness = GBPAUD Short Trades.

What is our confirmation?

- 5th leg is in place.
- The DAILY TF is bearish, as this push up is a deep retracement into the 0.66% fib levels.
- WFB in place.

Where shall we enter?

- We can enter a safe position once Risk Trendline structure level has been broken as this will confirm that this is the 5th leg.
- Once WFB is broken expect some form of correction, enter on the break of correction.

Once entered where will our SL BE?

- SL will be above blue structure zone for safe SL

Targets?

- Imbalance/FVG needs to be filled.

Penafian

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