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rf16saun
Feb 5, 2018 1:37 PM

GBPAUD on ascending triangle resistance  Short

BRITISH POUND / AUSTRALIAN DOLLARICE

Description

From 2016 this pair is forming an ascending triangle failing to break out, today it is on the resistancce zone from here it has dropped down past two instances to triangle support. This on daily time frame candle has not closed yet, if bearish candle then price might fall down to a decent level as in the past. It is a goos risk reward trade with the pattern if we get a bearish close today for the short side
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