GBPAUD is forming bearish continuation patterns, signaling further downside potential.
Since May 1st, the price has been in a larger accumulation phase.
A new bearish pattern is emerging within the 2.0490 - 2.0770 range.
If the price follows the red scenario, this pattern may continue to develop more before the bearish trend resumes again.
However, a break below 2.0490 could trigger a stronger bearish wave, pushing GBPAUD lower toward key targets as shown from the scenario in blue:
🔹 Target 1: 2.0350 🔹 Target 2: 2.0150
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Since May 1st, the price has been in a larger accumulation phase.
A new bearish pattern is emerging within the 2.0490 - 2.0770 range.
If the price follows the red scenario, this pattern may continue to develop more before the bearish trend resumes again.
However, a break below 2.0490 could trigger a stronger bearish wave, pushing GBPAUD lower toward key targets as shown from the scenario in blue:
🔹 Target 1: 2.0350 🔹 Target 2: 2.0150
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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t.me/TradingPuzzles
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t.me/KlejdiCuni
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youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.