With the recent low unable to take out the previous low hence creating a higher high is the first indicator of bears letting off the paddle and bulls kicking in.. If price breaks past the previous high its a sign we got a larger room up
GBPAUD Potential Reversal pattern or a continuation ,, keep an eye on the trendlines for this week
Sell on th daily close and retest below the channel support
Broke the Ascending Channel support both on H4 and the D1 it retesting the support as new resistance a rejection of this zone would expose us to the swing low
A Descent descending sloping channel shows a down-trend , And the bull flag formed inside the small bullish uptrend meaning we have a relief after the rally any break and retat of the bullish flag resistance would expose us to the larger channel resistance leve
A break and retest of the trendline would offer a buying opportunity going forward while a rejection woul keep th down trend intact.. keep tabs
If the bears can manage a close below the channel support we can get a move to the 50% fibs zone or the 61.8% zone in the coming sessions
A Inverse Head and Shoulders formation on the daily a break and retest of the Neckline should provide a buying oppportunity
Owing to the rescend down trend and the descending channel the broken resistance if tested as new support migh provide a good opportunity to get long .. keep tabs
Formed a Reverse SHS on the D1 . broke the neckline . a retest of the neckline and rejection should set us to more short targets.
If it clears the channel support a retest o the same might trigger a move down