H4 - Bearish trend pattern Strong bearish momentum Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
H1 - Bearish trend pattern followed by a flat correction in the form of a range. A valid breakout below the bottom of the range would be the validation for this short term bearish view. Alternatively if we get a valid breakout above the top of this range then this bearish view will be invalidated.
#GBPAUD have been on falling all the month and still showing a bearish momentum, given the patterns recently formed indicating a continuation movement and the atual pattern formation it is also a continuation pattern that indicates a bearish movement in the market. The price it is expected to fall to 1.9086, before anything else we wat for the market to surely...
GBP/AUD BEARS are getting stronger On currency strength charts, GBP is still weak; while AUD exhibits bullish pressure, positively correlated with Gold surging toward 1900 levels. If the neckline breaks and holds as a new resistance the 1.7 / 1.65 area is very possible =========== * If you like this idea please leave a comment so we can talk about it *...
The two reasons to sell this pair. 1st is the market has rejected its resistance." 2nd is the market has to obey its trendline of HH to HH.
There is a Bearish Bat pattern forming on GBPAUD with the completion at a resistance level. We could develop bearish divergence at the 0.886 completion.
I will prepare myself to sell in red bank level zone Only 10 pips stop loss premited Enjoy bank levels
Brilliant ... What more do you need to do but just set your TP levels ... We await