GBPAUD Buy

160
I believe we are still in an uptrend to 2.16XXX.

On the lower timeframe, price had so much momentum to the upside, we did not have a fibonacci retracement of at least 38.2. Price stalled out at the 1.18 and 1.27 D extension and sold to the 61.8 level.

I believe the 4HR fib is still active and needs to complete.

I think our next stop is 2.063XX to finish out the current sequence.

4HR and Daily stochastic are in the buy zones.

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