GBPAUD broke below ascending trendline support! Further drop expected!

analytics5f18f0a5d478a.jpg

Trading Recommendation

Entry: 1.78812

Reason for Entry: 50% Fibonacci retracement

Take Profit: 1.76956

Reason for Take Profit: Recent graphical swing low

Stop Loss: 1.79299

Reason for Stop Loss: 61.8% Fibonacci retracement, Ascending trendline resistance, moving average resistance

The material has been provided by InstaForex Company - www.instaforex.com