itaskar
Long

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.
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itaskar ForceFollower
probably bad projected rectangle, HAS available now, lets see rebound from neckline
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itaskar itaskar
rebound down i meant, 1st target rectangle base
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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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