GBP/AUD Potential Head and shoulders formation GBP/AUD

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If price action:
1) makes a Re-test of the 0.5 Fib level before,
2) resting the previous support,

We could have a potential inverse head and shoulders forming,

Monthly- Looks like its facing a long term channel support,

Weekly- Respected trend line now we have a green engulfing candle so will either make another move to the upside or melt back to test the trend line.

Daily- Potential inverse head and shoulders break up.


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