GBPAUD: Complex head and shoulders. Wait for a neckline break!
Updated
Looks like a major topping formation, however, a breakout below the neckline of the pattern outlined on chart remains required for its completion.
The 200 days simple moving average could be a reasonable target for the breakout.
Best
Technician
The 200 days simple moving average could be a reasonable target for the breakout.
Best
Technician
Trade active
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.