The price of GBPAUD has formed a potential double top on the 4H Chart
Additional confluences:
- The pattern is happening at a strong reisstance range created from multiple previous low points in the price - The 2 tops are showing rejection from the 0.618 Fib level - The MACD has formed a bearish cross around the middle of the formation of the double top chart pattern
Komentar
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The price rebounced to the resistance range. The double top is no longer valid but monitor for a potential triple top
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Price broke above the Resistance, trade us cancelled