jojofang0901

GBPAUD Bearish Development, Watch for Sell

Short
jojofang0901 Updated   
OANDA:GBPAUD   British Pound / Australian Dollar

Hello traders:

GBPAUD is currently in a bearish ascending structure that could devleop into the sell confirmation.

We can see a potential double tops, and price has been correcting within a ascending structure, moving up correctively.

What we can expect from the price is a potential bearish move, if price is to break down from the structure, and form continiation ton confirm the downside.

Alternatively, if price moves up one more time to the top, and if there is bearish reversal price action, can still look for sell setups from the top.

Thank you

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