lukeboland
Short

GBPAUD: H&S REVERSAL CONFIRMED

FX:GBPAUD   British Pound/Australian Dollar
Hi Traders,

We have a lovely Head & Shoulders ( H&S ) reversal pattern here on GBPAUD             . If you are looking for a short entry, see the chart above for a potential setup. The head and shoulders reversal is now complete with the break and close below neckline support. A pullback into that previous support level will give bears a solid opportunity to add to positions or re-enter short. IF we can stay below 2.0300, THEN I am expecting follow through to the downside to test 2.00 even handle.

Good trading,

Luke
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