AndrewFx2020

GBP/AUD Bearish ABCD Pattern - 1 Hour

Short
FX:GBPAUD   British Pound / Australian Dollar
On the one hour time frame an ABCD pattern has just completed. All level almost perfectly align, so I expect the price to fall to at last TP1.

However, I don't believe in anyway that this is a change in trend. I think once we hit TP1, the uptrend will probably continue.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.