The GBPAUD has formed a double top pattern accompanied by bearish divergence. It has subsequently broken below the neckline of this pattern, indicating a bearish trend. A trade opportunity is being considered on the retest of the neckline, as this retest could confirm the continuation of the downtrend.
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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.