GBPAUD POSSIBLE LONG BEFORE DOWNTREND CONTINUATION
I've been following the pattern formed on GBPAUD for months now, We have a pole and flag over the years which we just break out of the flag retest and held the lower bound line of the channel flag nicely.. With the outlook i think we are heading out for the next bearish pole run to the downside..
Price is approaching a level of support @ 1.7741 where price haven't traded since JULY 2019, that will make a double bottom which is a possible reversal pattern, If the 1.7741 zone, then it will expose 1.7160 as the next level of support also a double bottom , then we might see a deep reversal to the 1.84600 zone, it will be a nice place to go short again for the downtrend continuation.
Price is approaching a level of support @ 1.7741 where price haven't traded since JULY 2019, that will make a double bottom which is a possible reversal pattern, If the 1.7741 zone, then it will expose 1.7160 as the next level of support also a double bottom , then we might see a deep reversal to the 1.84600 zone, it will be a nice place to go short again for the downtrend continuation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.