GBPAUD Pattern Formation
This pair has been forming a rising flag (which IMO is a stance for a strong bearish momentum) for the past few months, and failed to complete it when the price did not reach the previous HH at 2.00.
I do anticipate that the bearish momentum will commence and an analysis will follow using a shorter time frame.
Targets; 1.94, 1.928, 1.911
I do anticipate that the bearish momentum will commence and an analysis will follow using a shorter time frame.
Targets; 1.94, 1.928, 1.911
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The price has now completed the falling flag pattern.
Time to look for a breakout and retesting the zone.
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