GBD/AUD 100% Retracement

100% retracements are great because that means you are taking the least mount of risk when entering into the trade. With price under the 200ema, this is a great short trade setup that has a great risk reward ratio. Once price reaches support, we can then continue monitoring price action to see if price continues with an inverse head and shoulders pattern.
Chart PatternsSupport and ResistanceTrend Analysis

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