Hi there, This pair is setting up for the next big wave again. We are testing the same top again the top we have seen in past and have sold so the last bullish wave has completed. We were looking for short term sell on lower time frame we did not get that trade. So Price is completing the bigger pattern formation. Watch top for sell. If couple of candles go beyond the trend line that does not mean we are breaking up. We need something special to change this strong longer term bearish trend. Which i dont see right now.
Trade with care and use only that much risk which you can afford to lose. Dont Trade with that money which you cant afford to lose. Every Single trade is not a winning trade so use risk according to that.
Also I found a bearish pattern in it. But I hasn't trade yet
yitiancai
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what if it's time for the triangle to break out. The pattern in GBP/NZD is similar to this. Considering the relationship of AUD and NZD, the same thing might happen in GBP/AUD