2015-11-03_20-27-09gbpaud

If you like to counter trend then this might be an opportunity.

We could play this setup as a 123 reversal pattern. Number 3 represents the reversal you may even fib the move if you like.

As a target I would play the 200 day moving average. The stop loss would go where the number 3 is plus the spread for this pair.

Best of PIPS

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