RLinda ! GBPAUD-> Triangle pattern. Where will the price go?
GBPAUD is in an uptrend. The price forms the ascending price channel and earlier having tested the resistance 1.81761, the price rolls back.
Important key zones and levels are marked on the chart, which should be used as a reference.
The local ascending tops on October 11 and the local descending tops from October 18 form a pattern called "Triangle".
I assume that the price can break the "Triangle" pattern downward, in the direction of the local movement, given that the channel resistance was tested earlier, then the local movement is directed downward. I expect the price decrease to the support area to the area 1.7800
Regards R. Linda!
Important key zones and levels are marked on the chart, which should be used as a reference.
The local ascending tops on October 11 and the local descending tops from October 18 form a pattern called "Triangle".
I assume that the price can break the "Triangle" pattern downward, in the direction of the local movement, given that the channel resistance was tested earlier, then the local movement is directed downward. I expect the price decrease to the support area to the area 1.7800
Regards R. Linda!
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