GBPAUD Top of overall price action, watch for bearish reversal

OANDA:GBPAUD   British Pound / Australian Dollar
Hi traders:

As we can see price is currently at the top of the overall price action,
and we are getting some bearish consolidations and structures.

How the price gets there is very important,
we see the HTF parallel channel which started to form after a strong bearish move down.

Within this correctional phase, we can spot some bearish reversal structures.
Even though they are no longer within the parallel channel ,
the bearish confluence and price is still valid in m eye, and I am still expecting a strong bearish reversals.

Be on the look out for LTF bearish continuation correction,
and expect price to reverse down to to the swing lows of the recent price.
Comment: Exit for +1% as price formed
a descending structure,
failed to push down lower.
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seems logical see what's next
+2 Reply
jojofang0901 ProjectSyndicate
@ProjectSyndicate, waiting for more bearish correction to sell again :)
+1 Reply
Excellent yes. I have the same idea.
+1 Reply
Nice analysis, many thanks. 🔥🔥
+1 Reply
jojofang0901 financialflagship
@financialflagship your welcome thx
Good job
+1 Reply
nice bullish price action in the making :) thx
+1 Reply
thanks for sharing
where is your target bro?
+1 Reply
Trend is You're Freind 🏹
+1 Reply