GBPAUD is forming bearish continuation patterns, signaling further downside potential.
Since May 1st, the price has been in a larger accumulation phase.
A new bearish pattern is emerging within the 2.0490 - 2.0770 range.
If the price follows the red scenario, this pattern may continue to develop more before the bearish trend resumes again.
However, a break below 2.0490 could trigger a stronger bearish wave, pushing GBPAUD lower toward key targets as shown from the scenario in blue:
🔹 Target 1: 2.0350 🔹 Target 2: 2.0150
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Since May 1st, the price has been in a larger accumulation phase.
A new bearish pattern is emerging within the 2.0490 - 2.0770 range.
If the price follows the red scenario, this pattern may continue to develop more before the bearish trend resumes again.
However, a break below 2.0490 could trigger a stronger bearish wave, pushing GBPAUD lower toward key targets as shown from the scenario in blue:
🔹 Target 1: 2.0350 🔹 Target 2: 2.0150
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Penerbitan berkaitan
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Penerbitan berkaitan
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.