GBPAUD - Break out of wedge - inside parallel channels
Bounce off support in the falling wedge pattern, and looking for a breakout.
A break above the yellow trendline should catapult about 100 pips.
Might see a cup and handle like pattern thereafter to take it to the upper channel that we see being developed.
I think we're going to see a further down move after that.
A break above the yellow trendline should catapult about 100 pips.
Might see a cup and handle like pattern thereafter to take it to the upper channel that we see being developed.
I think we're going to see a further down move after that.
Comment:
Charts messy, follow the yellow line...
Comment:
Price looks to have bottomed out here.
Looking for that upside target before a down move.
Looking for that upside target before a down move.
Comment:
Short entered