GBPAUD - Triple Top - High probability reversal pattern
Recently we've seen weakness in both GBP and AUD and after an uptrend GBPAUD was stuck in a range for the past two months. A triple top is a high probability reversal pattern which usually indicates a trend change. Supportive of this idea is also the fact that AUDUSD is very close to an important support level.
Note
AUDUSD is at an important support level
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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.