GBPAUD-channeling technique-history repeats?

FX:GBPAUD   British Pound / Australian Dollar
650 3 22
This is a weekly analysis showing a big double zigzag on this pair (im using a simplified labeling for information purposes)
We can see the same scenario happened before: the price reaching the top of the channel+bearish divergence on AO. After that a big correction happened.

The price now has reached the top of the channel, this is why i'm expecting a big CORRECTION if this setup works.

We have another channel being reached by price on D1 chart (see below).

Best regards.
Bearish Engulfing expected
isnt the AO histogram in ur chart forming higher than the previous peak instead of making a divergence?
+1 Reply
D1 chart:
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