GBPAUD 1D - Completion of continuation Head and Shoulder?
GBPAUD still in downtrend movement as a major trend, then last month till early October are consolidate in intermediate trend. Are GBPAUD forming continuation head and Shoulder, then continue the major trend?
On analysis, left shoulder and head are completely identified and confirmed. And what is the next of right shoulder? it's fulfill completion the chart pattern?
If we see open interest as second indicator, there are much new contract (net-short) when price went down. It means, down movement are confirmed and serious, however, there is more short than long position.
Let's see what will happen!
On analysis, left shoulder and head are completely identified and confirmed. And what is the next of right shoulder? it's fulfill completion the chart pattern?
If we see open interest as second indicator, there are much new contract (net-short) when price went down. It means, down movement are confirmed and serious, however, there is more short than long position.
Let's see what will happen!
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