GBPAUD Pattern Formation
This pair has been forming a rising flag (which IMO is a stance for a strong bearish momentum) for the past few months, and failed to complete it when the price did not reach the previous HH at 2.00.
I do anticipate that the bearish momentum will commence and an analysis will follow using a shorter time frame.
Targets; 1.94, 1.928, 1.911
I do anticipate that the bearish momentum will commence and an analysis will follow using a shorter time frame.
Targets; 1.94, 1.928, 1.911
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We are live!Note
The price has now completed the falling flag pattern.
Time to look for a breakout and retesting the zone.
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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.