GBPAUD - Retesting and drop?

PAIR IN FOCUS: GBPAUD
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM

Price has previously broken down from the rising wedge pattern and is retesting the lower bound. Price action show indecisiveness at the retest, and a bearish engulfing candle on the H4 indicates a potential bearish momentum. Watch for bearish price action before any SHORT entry.

The TP levels are indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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