On the GBPAUD chart, we can see that the instrument is rejected by the 1.8380 level of the Harmonic shark pattern formation. We are seeing a pullback into the 1.8200-1.8300 zone, where the 50% and 61.8%Â of the D rejection swing down lies, which will offer us a chance for the new short trade entries.
Note: look for the short trade entries with a stop loss above the 1.8300 level.
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