GBPAUD Get Ready for the Bearish Impulse Down
Hi everyone:
Looking at GBPAUD's price action for the potential sell opportunities.
We can see the price is currently correcting in the larger, higher time frame parallel channel structure,
continue to move correctively to the previous tops
The latest price action shows us a lower time frame ascending channel reversal, good indication this could be the start of that reversal bearish move.
Certainly price can continue to correct higher, as long as its still in the corrective phrase.
The confirmation would be the strong bearish breakdown from the price,
and LTF continuation correction to form and complete.
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Related publications
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.