Education

GBPAUD: Megaphone pattern

Updated

Up to now we can see only small shadows. If price close above trend line the target is 1.9290, the deep of the Megaphone pattern. If it goes down, the target is the lower trend line again. Be careful as on daily chart price closed above structure that corresponds with the green horizontal line at 1.8730. So the possibilities are upside. Be careful from the news event on BREXIT VOTE.
Good Luck!

Note

Sell confirmed

Note

Pattern almost completed. Take some profits or take all profits:)

KlejdiCuni

✅MY Free Signals
t.me/TradingPuzzles

✅Personal Telegram
t.me/KlejdiCuni

✅YouTube
youtube.com/@TradingPuzzles

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.