as you can see gbpaud is currently in an uptrend
however i expect price to break the current uptrend then retest the trendline which will create a head and shoulder formation which is a reversal pattern.
if this happens, i then expect price to fall to the next support area which also is the 0.618 fib region.
however i expect price to break the current uptrend then retest the trendline which will create a head and shoulder formation which is a reversal pattern.
if this happens, i then expect price to fall to the next support area which also is the 0.618 fib region.
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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.