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Travis_duncz

GBPAUD HERE COME THE BEARS FIRST TARGET 1.83500

Short
British Pound / Australian Dollar (OANDA:GBPAUD)  
Travis_duncz  
OANDA:GBPAUD   British Pound / Australian Dollar
Chart Patterns Trend Analysis Technical Indicators cable GBPUSD GBPAUD GBPNZD DXY aud Forex selltrade Double Top
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chartpattern trendanalysis indicator cable gbpusd gbpaud gbpnzd dxy aud forex selltrade doubletop
Good evening from the UK I have decided to capture a snap shot of the weekly time frame. As you can see running in an upward channel we have 3 success full swing highs and the 4th was held at a monthly resistance not allowing another bull run to the upside with buy exhaustion coming into play around the price of 1.88700.

Highlighted is a Double top with last weeks closure as a shooting star showing potential bearish signals to create a new higher swing low. I have some great key levels I will be working towards.

We also have the perfect countertrend line break retest and continuation to the downside.

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Travis_duncz
GBPAUD SELL TARGET 1.8000 (HEAR COME THE BEARS PART 2)
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