The GBPAUD pair appears to be showing a bearish trend on the 4-hour time frame after testing a significant intraday resistance.
An inverted cup & handle pattern was formed on the hourly chart, along with strong bearish momentum this morning, indicating a potential downward movement.
I believe that the market may retrace back to the 2.0500 support level at the very least.
An inverted cup & handle pattern was formed on the hourly chart, along with strong bearish momentum this morning, indicating a potential downward movement.
I believe that the market may retrace back to the 2.0500 support level at the very least.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.