rectangle, possible wedge

FX:GBPAUD   British Pound / Australian Dollar
54 4 1
possible wedge , pennant
I like it that you've caught the trend very well, with some common slope. A you can see, price bounced off your dotted trend line - quite a common a occurrence - the third test of a trend line usually happens to make the trend continue. Now, as long as the lows hold the trend is up.
itaskar ForceFollower
probably bad projected rectangle, HAS available now, lets see rebound from neckline
itaskar itaskar
rebound down i meant, 1st target rectangle base
Bearish as it seems to be, I think it might soon go up again. Why?
1. long-term up trend,
2. AUD relatively overbought,
3. an instance of a bullish price action (large candle down and large candle up).
But there's nothing 100% sure.
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