GBPAUD SHORT...JUST AWAITING FINAL CONFIRMATION TO JUMP IN :)

GBPAUD SHORT

-CURRENTLY IN DOWNTREND VERY BEARISH
-A B C AND D EXTENTION TO BE MADE
-MAKING HIGHER HIGHS AND HIGHER LOWS
-HOVERING AROUND THE 0.618 FIB RETRACEMENT
-MAS LOOKING TO CROSS TO DOWNSIDE
-WILL BE 3RD BOUNCE OF TRENDLINE AS YOU
CAN SEE FROM RED CIRLES
-TARGET 1 TIES IN NICELY WITH A FIB LEVEL AND KEY
MONTHLY SUPPORT AROUND 1.9900

THINGS TO BEAR IN MIND
-BE CAREFUL FOR THE BREAK AND CLOSE ABOVE THE
TRENDLINE AS THING COULD INDICATE TO ME A LONG
TRADE.

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We still very bearish here.....be patient :)

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I dont think this is going much lower at the moment il take the 1500 pips :)